Amundi innovates by launching a thematic ETF on Artificial Intelligence
Amundi 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”.
ETF AMUNDI STOXX GLOBAL ARTIFICIAL INTELLIGENCE UCITS ETF
ISIN Bloomberg LU1861132840
Ticker GOAI FP
Ongoing charges 0,35%
Further information about Amundi ETF can be found on the amundietf.com website.
About Amundi ETF
Having been a pioneer of the European ETF market, Amundi ranks among the top five European ETF providers , with close to €42bn in assets under management . Amundi ETF offers investors a broad range of more than 100 ETFs characterized by continuous innovation and competitive prices.
Dedicated teams are located in major European countries and rely on a wide network of “Authorised Participants” (more than 65 market makers).
Amundi is Europe’s largest asset manager by assets under management and ranks in the top 10 globally. It manages more than 1.46 trillion euros of assets across six main investment hubs . Amundi offers its clients in Europe, Asia-Pacific, the Middle-East and the Americas a wealth of market expertise and a full range of capabilities across the active, passive and real assets investment universes. Headquartered in Paris, and listed since November 2015, Amundi is the 1st asset manager in Europe by market capitalization .
Leveraging the benefits of its increased scope and size, Amundi has the ability to offer new and enhanced services and tools to its clients. Thanks to its unique research capabilities and the skills of close to 4,500 team members and market experts based in 37 countries, Amundi provides retail, institutional and corporate clients with innovative investment strategies and solutions tailored to their needs, targeted outcomes and risk profiles.