Saxo Bank expands 3D Printing theme basket
The 3D Printing theme basket is one of the worst performing baskets of multi-asset investment specialist Saxo Bank over the past year, but this year 3D printing companies are feeling the love from investors with the basket up 2%. Based on the annual review of the theme basket, Saxo is expanding the basket from 16 to 21 companies which makes the basket more diversified and interesting.
In July 2021, Saxo launched its 3D Printing theme, or additive manufacturing as it is also called, and the key backdrop for the theme is the great potential for more efficient and lightweight manufacturing coupled with software simulations. But the industry has suffered from many false starts since it was commercialized back in the late 1980s.
This year’s performance is as of yesterday’s close +1-9% making Saxo’s 3D Printing theme basket the fourth best performing basket. However, the past year has seen a 51.4% decline making it the third worst performing basket only surpassed by cannabis (-62.3%) and bubble stocks (-51.6%).
It was Saxo’s smallest theme when it was launched containing only 16 companies. But in this year’s review Saxo is adding six companies and removing one.
Added:
- Renishaw
- Xometry
- Velo3D
- Fathom Digital Manufacturing
- Nano Dimension
- Shapeways
Removed:
- ExOne (acquired by Desktop Metal which is in the theme basket)
The net expansion means that the basket now has 21 stocks with a combined market value of $26.1bn.