Lazard Next Gen Technologies ETF
TEKY
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- Lazard Next Gen Technologies ETF (TEKY) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing in a concentrated portfolio of global companies involved in developing and enabling next-generation technologies, including artificial intelligence, robotics, and automation. The ETF focuses on innovation leaders across the AI tech stack, comprising hardware infrastructure such as semiconductor designers and manufacturers, cloud service providers, and data center builders; enabling technologies including software platform developers and cybersecurity vendors; and AI applications encompassing enterprises developing proprietary AI solutions as well as AI application developers and related service providers. Its holdings, numbering approximately 53 to 57 securities with top positions in companies like NVIDIA Corp., Microsoft Corp., Advantest Corp., Oracle Corp., and Palo Alto Networks Inc., are primarily concentrated in large-cap technology services (54%) and electronic technology (25%) sectors, with geographic exposure spanning North America (87%), Europe (7%), and Asia Pacific (5%). Launched on April 4, 2025, and managed by Lazard Asset Management LLC, a subsidiary of Lazard Inc. headquartered in New York, the ETF trades on the Nasdaq under the ticker TEKY with an expense ratio of 0.50% and assets under management recently surpassing $47 million. In recent developments, TEKY has demonstrated strong investor interest, achieving positive net fund flows of approximately $2.8 million and hitting a 52-week high share price of $27.61 amid robust demand for its thematic exposure to AI-driven productivity gains. The fund's performance has been notable, with a 3-month return of 25.06% and a 1-month return of 4.74% as of late 2025, reflecting accelerating AI adoption and recent technological breakthroughs. Distributed by Foreside Fund Services, LLC, TEKY targets institutional and retail investors seeking active strategies in the global robotics and AI theme.