ETF Issuers Replicate SpaceX Strategy with Anthropic Exposure
Following the success of ETFs offering pre-IPO exposure to SpaceX, asset managers are now applying similar strategies to Anthropic ahead of its anticipated IPO. The Tema Photonics & Optical ETF (LAZR) has taken a significant position in Anthropic through a special purpose vehicle (SPV), allocating around 10% of assets despite the company not being directly related to photonics technology. The fund's prospectus allows for up to 20% exposure outside its core focus, and while owning an AI firm like Anthropic may seem misaligned with LAZR’s stated investment objective, it is within regulatory bounds. The move appears more marketing-driven than strictly aligned with the fund’s theme of photonics infrastructure. Other ETFs such as KraneShares AGIX (AGIX) and iShares BAI (BAI) also hold Anthropic but at much smaller percentages.
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