Global X Big Data & Hardware Index ETF (HBGD.TO)

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The HBGD exchange-traded fund offers investors focused access to the burgeoning big data technology landscape. It invests in companies globally that are pivotal in data development, storage, and management services, along with those manufacturing the specialized hardware required for data-intensive applications, such as blockchain. Industry forecasts from Statista predict the big data analytics market will exceed US$103 billion in revenue by 2027, with its expansion largely propelled by firms supplying critical hardware and data infrastructure. Although HBGD may include holdings in cryptocurrency-adjacent businesses, it deliberately refrains from directly acquiring cryptocurrencies like Bitcoin or engaging in mining activities, aiming to mitigate the substantial volatility often linked to these digital assets. The fund's primary objective is to mirror, as closely as practically possible and before fees, the returns of the Solactive Big Data & Hardware Index. This benchmark index monitors a select group of global enterprises dedicated to data development, storage, and management solutions, as well as hardware and associated services integral to advanced data processing technologies, including those in the blockchain space.