New fund provides a more focused and selective approach to gaining exposure to the supply/demand imbalance inherent in the ongoing AI build-out.
San Francisco, July 1 2026 – Kurv Investment Management, an asset manager bringing an institutional approach to active ETFs, today announced the launch of the Kurv Memory Select ETF (CBOE BZX: KMEM).
KMEM is designed to offer investors targeted exposure to the companies dominating memory chip production, including the current “Big Three” memory manufacturers - SK hynix, Samsung, and Micron Technology - as well as additional companies playing a major role in this space.
“AI infrastructure is only as powerful as the memory behind it and as demand for faster processing and larger models accelerates, memory chips are becoming the backbone of the AI economy,” said Howard Chan, Founder and Chief Executive Officer of Kurv Investment Management. “At the same time, that demand is outpacing the supply, creating a supply/demand imbalance that could present an interesting opportunity for investors looking at the AI and AI-adjacent components of their equity portfolios.”
“Names that are merely ancillary to this theme could in fact become hindrances to performance as the current leaders consolidate their positions and upstarts work to obtain market share,” added Chan. “That makes it essential to have a pure play strategy when looking at memory. This is exactly what we’ve designed with KMEM and why we are so excited to be bringing this fund to market at this pivotal time.”
“Despite the recent run up in price, we believe the bottleneck in the sector will continue for at least the next 3-4 years,” said Chan. “KMEM tends to focus on names like SK hynix, where valuation is still cheaper compared to its competitors.”
KMEM is actively managed and seeks to provide highly targeted exposure to domestic and international companies that design, manufacture and distribute a range of different memory chips, including Dynamic Random Access Memory (DRAM), Static Random Access Memory (SRAM), Random Access Memory (RAM), Flash Memory and other emerging memory types.
“The ongoing AI build-out stalls if the production of memory chips, and further innovation in memory, doesn’t keep pace,” continued Chan. “Forget the ‘picks and shovels’ of the AI trade, these are the mines themselves from which all of the advancements inherent in AI are waiting to be extracted.”
For more information about KMEM, visit https://www.kurvinvest.com/etf/kmem#Exposure
Important Information:
An investor should consider the investment objectives, risks, charges, and expenses of the Fund carefully before investing. To obtain a prospectus containing this and other information, please call 1-833-955-KURV (5878) or visit KurvInvest.com. Read the prospectus carefully before investing.
Investing in the Fund entails risk, including the loss of principal. The Fund is not a complete investment program and investors should review the risks associated with the Fund before investing. The Fund is an actively managed portfolio, and the portfolio managers will apply investment techniques and risk analyses that may not produce the desired result. There can be no guarantee that the Fund will meet its investment objective. The Fund is new with a limited operating history.
Fund Objective: The fund seeks to maximize total return.
Fund Risks: The Fund seeks to primarily invest under normal circumstances in companies, domestic or foreign, that design, manufacture, and distribute memory chips (memory chip activities) (“Memory Companies”). Memory chips are semiconductor devices designed for the temporary or permanent storage and retrieval of data in computer systems.
The Kurv Memory Select ETF is distributed by Foreside Fund Services LLC, Member FINRA/SIPC. Foreside Fund Services LLC is not affiliated with Kurv Investment Management.
