FRWD, the Nomura Transformational Technologies ETF, is an ETF whose main story is the AI compute core.
The narrative it carries
This is its only narrative.
The AI compute core →
The chips, memory and data centers AI runs on, and the big technology companies that build and buy them.
The band is where this narrative’s level sits among the 22 this week. QUIET means less talked about, not falling.
| # | ETF | SHARE | ASSETS | 1 YEAR | COST |
|---|---|---|---|---|---|
| 1 | VGT | 23.9% | $148.33bn | +34.0% | 0.09% |
| 2 | XLK | 20.5% | $127.30bn | +37.7% | 0.08% |
| 3 | SMH | 12.1% | $74.88bn | +75.3% | 0.35% |
| 4 | SOXX | 7.8% | $48.43bn | +93.4% | 0.33% |
| 5 | IYW | 4.3% | $26.53bn | +34.2% | 0.37% |
| 392 other ETFs | 31.4% |
Share is each ETF’s slice of the capital carrying this narrative. 1 year is market price total return; cost is the expense ratio. See all 397 ETFs on the narrative page →
How it is built
An unlevered long ETF that owns its holdings directly. It counts toward Share of Narrative.
Narrative exposure
Common questions
What story is FRWD selling?
FRWD’s main story is the AI compute core, which covers the chips, memory and data centers AI runs on, and the big technology companies that build and buy them.
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