WisdomTree has partnered with Nasdaq and the Consumer Technology Association (CTA) to launch an ETF providing unique exposure to the Artificial Intelligence (AI) sector. The WisdomTree Artificial Intelligence Ucits ETF listed on London Stock Exchange (LSE) today, with a total expense ratio (TER) of 0.40%.
The ETF will provide investors with liquid and cost-effective access to this exponential technology megatrend that is driving efficiencies and new business capabilities across all industries globally and redefining the way we live and work.
WisdomTree Artificial Intelligence Ucits ETF follows the Nasdaq CTA Artificial Intelligence index. It provides investors with diversified exposure to companies that are expected to benefit most from AI adoption and performance growth. The index can continue to develop as new AI trends and companies start to set up. The index is updated semi-annually and currently consists of 52 companies worldwide.
Rafi Aviav, head of product development at WisdomTree in Europe said: “AI is a revolutionary technology and the market for AI products and services is expected to more than triple over the next three years. This fund offers a unique approach to capturing this expected growth, which is the result of a year-long collaboration between WisdomTree, Nasdaq and CTA.”
“The fund broadly represents the upstream2 and midstream3 parts of the AI value chain and so balances diversification with a focused exposure on those parts of the AI value chain that stand to gain the most from growth in the AI market,” Aviav added.