Two biggest drivers through year’s end 9/15/25

In this episode of ETF Edge, Contessa Brewer interviews Nick Czerny from Janus Henderson and Nicolas Frassé from VanEck about ETF market trends, fixed income innovation, and the semiconductor space. Nick discusses the increasing investor interest in securitized products like AAA CLOs due to compressing yields and the potential of blockchain technology and tokenization to transform financial services. He also touches on the growth of option-based strategies. Nicolas explains VanEck's SMHX ETF, which focuses on fabless semiconductor companies poised to drive AI advancements through interconnectivity, efficiency, and power solutions. He emphasizes the long-term perspective on AI as a super cycle, despite potential decelerations, and sees the fabless designers as key to moving AI closer to the end-user. Both guests share their insights on future ETF innovations, highlighting the options space and tokenization.