Tema ETFs Launches Two AI Infrastructure-Focused Funds
Event summary
- Tema ETFs launched two new actively managed ETFs: Tema Memory ETF (DISK) and Tema Photonics & Optical ETF (LAZR) on June 30, 2026.
- DISK focuses on global memory companies, including NAND flash, HBM, DRAM, and hard-to-access Asian firms.
- LAZR targets photonics and optical technology companies critical for AI data movement.
- Both funds have a gross expense ratio of 0.75% and are listed on the NYSE.
The big picture
Tema ETFs is targeting critical AI infrastructure bottlenecks with these new funds. The launches come amid surging demand for memory and photonics technologies, driven by the computational needs of AI. These specialized ETFs aim to fill gaps left by broader technology and semiconductor funds, offering high-conviction exposure to niche but rapidly growing segments.
What we're watching
- Memory Demand Growth
- How the forecasted tripling of global memory chip revenue from $216 billion in 2025 to $758 billion in 2027 will impact DISK's performance.
- Photonics Market Expansion
- Whether the ninefold growth in advanced AI data movement market between 2026 and 2028 will sustain LAZR's investment thesis.
- Institutional Adoption
- The pace at which institutional investors adopt DISK and LAZR, given Tema's reported >90% institutional adoption rate for its funds as of June 29, 2026.
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