Getting back to the QTUM fund, its expense ratio of 0.65 percent mirrors that of the Defiance Future Tech ETF (AUGR), which launched a month ago and invests in augmented reality and virtual reality technologies.
So where does a hyper-focused ETF such as QTUM fit into an investor portfolio? Defiance ETFs, which is based in New York City and is founded by Matthew Bielski, former head of asset allocation and ETF distribution at Direxion ETFs, believes either of its two existing funds can be used as an alpha-generating satellite holding within a core technology portfolio.
Defiance expects to soon launch its third fund, the Defiance Vehicle & Technology Innovators ETF (ZCAR).