GinsGlobal Index Fund CEO Anthony Ginsberg tells Proactive's Stephen Gunnion that the GinsGlobal Tech Megatrend UCITS ETF (ITEK) fund is up approximately 13% year-to-date and gained more than 5% in August alone, with AI and robotics remaining the top sub-theme at nearly 50% year-to-date gains. Ginsberg said the fund's average price-to-earnings ratio is in the low 20s, which he describes as only a small premium to the S&P 500, arguing that tech is not overvalued at current levels. Beyond AI and robotics, Ginsberg highlighted cybersecurity, defence tech, blockchain and gene editing as strong performers in August, pointing to a broadening rotation across the tech ecosystem. He cited a global AI infrastructure buildout of close to one trillion dollars in the current year, driven partly by cloud spending and M&A activity, with NVIDIA among the companies making recent acquisitions. Ginsberg emphasised the fund's equal-weighting approach as a key differentiator, noting that its top 10 holdings represent just over 12% of the portfolio, compared with north of 50% or even 60% for some rival tech funds. The fund holds roughly 60% in US equities and approximately 22% in Asia, including Japan, China and South Korea, with Ginsberg arguing that per-capita cloud spending in Asia already surpasses the US and Europe in some cases. On the outlook, Ginsberg said tailwinds include a resilient US economy, lower corporate taxes supporting capital expenditure, a weaker US dollar boosting earnings for American tech firms, and the prospect of stable or lower interest rates supporting further M&A. He also flagged anticipated IPOs from Anthropic and OpenAI as likely catalysts for additional corporate spending across the sector. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy #GinsGlobal #ITEK #indexfunds #artificialintelligence #cybersecurity #robotics #techstocks #globalinvesting #ETF #stockmarket