YASKY - AIQ: Riding The AI Growth Wave

2024-04-13 00:34:33 ET

Summary

• Global X Artificial Intelligence & Technology ETF is a passively managed ETF that focuses on AI and big data companies.
• Top holdings include Meta Platforms, NVIDIA, Netflix, Amazon, and IBM, with strong performance and growth potential.
• The ETF is well diversified with 87 holdings, including foreign AI stocks, and has shown strong performance over the past year.
• The valuations of AI stocks remain high, which represents the biggest risk to the ETF in the future.

Overview

Global X Artificial Intelligence & Technology ETF ( AIQ ) is a passively managed exchange-traded fund (ETF), tracking a market-cap-weighted index of developed-market equities involved in artificial intelligence & big data. AIQ operates as a fund that focuses on investments in established market companies (mostly in the U.S.) that utilize AI in within their business practices and provide AI services to other businesses. The fund takes an approach by examining disclosures, product lineups, official communications and other relevant information to determine the extent of the companies' involvement in AI and big data. The components of AIQ are assigned weights based on market capitalization, with adjustments made twice a year and a full reorganization annually. The ETF was first issued by Mirae Asset Management in 2018 and currently has $1.7 billion in assets under management ((AUM)). It has a 0.68% expense ratio, representing the annual costs when investing in the ETF....

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