WisdomTree launches AI ETF

Artificial_intelligenceNew York based WisdomTree has launched an artificial intelligence exchange-traded fund (ETF) on the London Stock Exchange.

The Ucits-compliant ETF aims to provide investors with liquid and cost-effective access to investment opportunities in the fast-evolving field of artificial intelligence technology.

It will track a unique index designed in collaboration with artificial intelligence and technology market experts, Nasdaq and the Virginia-based Consumer Technology Association

The fund has a total expense ratio (TER) of 0.40%.

Rafi Aviav, WisdomTree head of product development for Europe, said: “We believe the fund’s unique approach offers the best of both the active and passive investment worlds in accessing the AI megatrend.

“The fund’s portfolio companies are already capitalising on the AI opportunity across industries and are well positioned for AI’s growth.”

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