(SMHV) VanEck Semiconductor CHF - Ratings and Ratios

The VanEck Semiconductor UCITS ETF CHF (SW:SMHV) is a Swiss-domiciled exchange-traded fund designed to provide exposure to the global semiconductor sector. It tracks the Morningstar Global Technology TME NR USD Index, which focuses on companies involved in the production of semiconductors and related hardware. The fund is structured as a UCITS-compliant ETF, offering Swiss investors a European-regulated investment vehicle with Swiss Franc hedging to mitigate currency risk.

From a technical standpoint, the ETF is currently trading at 29.68 CHF, with a 20-day average volume of 25,604 shares. The short-term trend, as indicated by the SMA 20 (28.58), suggests recent upward momentum, while the SMA 50 (32.50) and SMA 200 (35.76) indicate a broader downtrend. The ATR of 1.36 reflects moderate volatility, with price fluctuations averaging 1.36 CHF over the past 20 days.

Fundamentally, the ETF manages assets under management (AUM) of 2,095.91 million CHF, demonstrating significant investor interest and liquidity. This size allows for efficient tracking of the underlying index, which includes a diverse range of global semiconductor companies. The funds holdings are heavily weighted toward U.S. and Asian firms, reflecting the geographic distribution of the semiconductor industry.

Over the next three months, the ETFs performance will likely be influenced by both technical and fundamental factors. Technically, the ETF is testing resistance at the SMA 50 level (32.50), which could act as a barrier to further upside. Fundamentally, the semiconductor sector is expected to benefit from increasing demand for chips in AI, 5G, and IoT applications. However, macroeconomic headwinds such as rising interest rates and supply chain constraints could weigh on performance. Based on current trends, the ETF is anticipated to trade in a range between 27.50 and 33.00 CHF over the next quarter.