ProShares Files ETF Targeting the “Secret Ingredients” Behind AI

The ProShares AI Secret Ingredients ETF will target companies that produce critical upstream materials needed to deploy AI infrastructure at scale. Its AI Secret Ingredients index currently covers suppliers of helium, neon, high-purity quartz, ABF substrate, gallium, tungsten, rare earths and magnets, germanium, graphite and antimony—inputs used across semiconductors, electronics and other AI hardware. The global portfolio can include large-, mid- and small-cap stocks from developed and emerging markets, weighted by market capitalization. The ETF may use ADRs, GDRs and swaps to obtain index exposure and is expected to remain fully invested regardless of market conditions.