AIO - Fund Spotlight: AllianzGI Artificial Intelligence & Technology Opportunities Fund

(This report was published to members of Yield Hunting on May 15. All data is from that date unless otherwise stated.)

AllianzGI Artificial Intelligence & Technology Opportunities Fund (AIO)

This is a relatively new fund - now seven months old - with Allianz pushing the marketing of AI. The fund, which came to market on Halloween 2019 IPOd at a $20.00 NAV. The price was also launched at $20 with Allianz eating those offering costs, a trend that's increasingly being used to make CEF IPOs more palatable. We are rarely seeing the old