The war between the United States and Iran has dictated the tone of the market in recent months. At the same time that moments of greater tension bring uncertainty and bring down stock markets around the world, signs of relief boost certain assets. And it was one of those periods of calm, along with positive corporate balance sheets, that helped an ETF rising more than 26% last month alone. THE CHIP11from Investo, replicates a basket of semiconductor companies and it was the index fund that rose the most last month.
According to a survey carried out by Quantumthe US Listed Semiconductor ETF (negotiated by the code of CHIP11) rose 26.37% in March. In the year, it accumulates an increase of 25.86% and is also among the index funds that appreciated the most in 2026.
The asset replicates a basket of the 25 largest global semiconductor companies listed in the United States. For those who don’t know, these components are materials that, depending on parameters such as temperature, pressure and magnetic fields, can act as a conductor (that is, allowing the passage of an energy current) or as an insulator (preventing this passage). An example is silicon, widely used in the electronics and computer industry..
Second Danilo Morenoanalyst at I investthe rise had two main catalysts: the ceasefire between the United States and Iran and the corporate balance sheets of companies in the sector that showed positive results.
“The ceasefire announced on April 8 reversed the risk aversion movement that had pressured the markets at the end of March. Subsequently, corporate balance sheets sustained the rise: Intel, which has the third largest holding within the ETF, soared 114% after reporting profit well above analysts’ estimates. THE AMD rose 74% and Broadcom advanced 35% in the period. On the manufacturing side, to TSMCthe largest chip foundry in the world and the second company with the highest participation in the index, registered revenue of US$35.9 billion, growth of almost 39% in annual comparisonwith the demand for AI chips accounting for a growing portion of the company’s revenue”, he states.
But in addition to evaluating recent variations to decide whether it is worth investing, the investor also needs to be aware of some important points: such as the prospects for this market and the liquidity of these ETFs.
According to Moreno, from Investo, the backdrop for the coming months remains favorable to the sector. “Analysts at Bank of America and Evercore estimate that investment in AI infrastructure by the four largest American technology groups is expected to reach between US$800 billion and US$900 billion in 2026, with projections exceeding US$1 trillion for 2027“, he states. The risks, however, exist. According to Moreno, analysts warn that current leaders in GPUs and memory may face competitive pressure in the face of new entrants and the transition from a focus on training AI models to inference, which could redistribute gains within the sector itself over time.
In addition to assessing prospects for the future, it is important to look at, for example, the number of ETF shareholders. Changing in details: If there are few investors, there are few people buying and selling shares, which can make life difficult for those who invested and then want to redeem the money invested.but cannot do so due to “lack of anyone to buy”. In April 2026, CHIP11 had 4,800 shareholders and had R$71.2 million in net equity.
The numbers are indeed not insignificant, but they are far from the most popular ETFs. To give you an idea, some of the ETFs with the largest number of shareholders on the stock exchange are IVVB11, which tracks the S&P 500 indexthe American stock market and brings together around 175 thousand investors; HASH11, which follows the cryptoactive market and has 127 thousand shareholders and BOVA11, which follows Ibovespa and has 95 thousand investors.
Source: www.bing.com
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