The VanEck Semiconductor ETF ( SMH ) is a passively managed exchange-traded fund designed to track the performance of the MVIS US Listed Semiconductor 25 Index. SMH is a highly concentrated strategy that provides exposure across theMonte Independent Investment Research: Michael Del Monte is a buy-side equity analyst with expertise in the technology, energy, industrials, and materials sectors. Prior to working in the investment management industry, Michael spent over a decade in professional services working ...