WisdomTree launches Artificial Intelligence ETF
It seems like the fever of Artificial Intelligence is not going to die sooner. The latest entrant in this fervour is New York based WisdomTree. WisdomTree has launched Artificial Intelligence ETF which is listed on London Stock Exchange. It has partnered with Nasdaq and the Consumer Technology Association to provide the unique opportunity in AI sector.
The total expense ratio (TER) of fund is 0.40%. It 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 is updated semi-annually and currently consists of 52 companies worldwide.
“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.” said Rafi Aviav, head of product development at WisdomTree in Europe.