A new ETF related to optical communications has just been listed on the US stock market—its ticker is LYTE.
Looking at the holdings, I was shocked: half of the top ten holdings are China A-shares.
Top ten holdings and weights:
Lumentum (LITE) weight 15.42%
Coherent (COHR) weight 15.23%
Xinyi Shengcheng (300502) weight 14.59%
InnoLight (300308) weight 14.22%
Ciena (CIEN) weight 13.73%
Tianfu Communications (300394) weight 7.90%
Yuanjie Technology (688498) weight 5.35%
Huatong Technology (002281) weight 4.74%
Fabrinet (FN) weight 4.00%
Applied Optoelectronics (AAOI) weight 2.14%
The top ten holdings make up as much as 97.32%: of which US stock holdings are 50.52% and A-share holdings are 46.8%.
#LYTE $LITE $COHR