Amundi today announces the launch of the Amundi Stoxx Global Artificial Intelligence UCITS ETF, created to help investors tap into the opportunities offered by Artificial Intelligence (AI), one of the megatrends driving future economic growth.
Artificial Intelligence is a combination of different technologies ranging from machine learning to natural language processing, and computer vision, and is expected to have an impact on all sectors and geographies in the coming years. This innovative ETF offers the opportunity to invest today in companies strongly exposed to AI’s potential growth opportunities.
Amundi Stoxx Global Artificial Intelligence UCITS ETF, offered with ongoing charges of 0.35%, tracks the Stoxx AI Global Artificial intelligence ADTV5 index, which employs an innovative methodology. This systematic selection process analyses stocks according to two metrics:
- AI exposure: measured as the proportion of AI-related patents granted to the company over three years compared to the total number of patents granted to that company over the same period;
- AI contribution: measured as the number of patents granted to the company over three years relative to all AI patents given to all companies over the same period.
The Stoxx AI Global Artificial intelligence ADTV5 index is equally weighted, offering diversification across countries, sectors and market capitalisation.
Fannie Wurtz, Managing Director of Amundi ETF, Indexing & Smart Beta, said: “We’re particularly excited to be able to offer investors this innovative ETF which provides a cost-efficient way to gain exposure to Artificial Intelligence, a key driver of future growth. Product innovation is one of the core principles of Amundi ETF and this new listing demonstrates our commitment to providing our clients with new solutions for their long-term investment objectives”.
AMUNDI STOXX GLOBAL ARTIFICIAL INTELLIGENCE UCITS ETF
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Index disclaimer:The Stoxx AI Global Artificial intelligence ADTV5 Index is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland (“STOXX”), Deutsche Börse Group or their licensors, which is used under license. AMUNDI STOXX GLOBAL ARTIFICIAL INTELLIGENCE UCITS ETF is neither sponsored nor promoted, distributed or in any other manner supported by STOXX, Deutsche Börse Group or their licensors, research partners or data providers and STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not give any warranty, and exclude any liability (whether in negligence or otherwise) with respect thereto generally or specifically in relation to any errors, omissions or interruptions in the Stoxx AI Global Artificial intelligence ADTV5 index or its data.
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