wisdomtree artificial intelligence ucits etf
WisdomTree Artificial Intelligence UCITS ETF is an exchange-traded fund that aims to provide investment results corresponding to the price and yield performance of the NASDAQ CTA Artificial Intelligence Index. The fund offers exposure to businesses that are capitalizing on the growth in the adoption of AI technology and which meet WisdomTree's ESG (environmental, social, and governance) criteria.
AI is a revolutionary technology that has the potential to transform industries, services, labor, and consumption significantly. It is predicted that AI will have a significant impact on the global economy, with the potential to add $15.7 trillion to global GDP by 2030. The WisdomTree Artificial Intelligence UCITS ETF offers investors an opportunity to invest in companies that are leading the way in AI innovation.
The WisdomTree Artificial Intelligence UCITS ETF is designed to track the NASDAQ CTA Artificial Intelligence Index, which is composed of companies that are involved in the development and application of AI. The Index methodology has been modified recently, which will affect the composition of the underlying constituents of the Index. The changes will be effective from the next rebalancing date, expected to be on or around 20 September 2021.
The fund's research for the selection of companies in the index is conducted by experts in the AI value chain and the technology market. This ensures that the portfolio remains focused and relevant. The fund is physically backed and UCITS compliant, making it an attractive investment option for investors who are looking for exposure to the AI sector.
Investing in equities may experience high volatility and should be considered as a long-term investment. Higher growth companies such as those that play a part in megatrends tend to trade at higher valuations. Therefore, investors should consider the risk that comes with higher valuations as part of any investment decision. Investment risk may also be concentrated in specific sectors, countries, companies, or currencies.
The WisdomTree Artificial Intelligence UCITS ETF is an accumulating fund, meaning that income generated by the companies in which the fund invests is reinvested into the fund. The base currency of the fund is in USD. The fund was launched on 30 November 2018, and as of 17 April 2023, the total net asset value of the fund is $388,964,332.
The fund has exposure to large-cap, mid-cap, and small-cap companies, with large-cap companies (> $10 Billion) accounting for 62.06% of the fund's total market capitalization. Mid-cap companies (≥ $2 Billion and ≤ $10 Billion) account for 26.98% of the fund's total market capitalization, while small-cap companies (< $2 Billion) account for 10.96% of the fund's total market capitalization.
The WisdomTree Artificial Intelligence UCITS ETF is a physical, fully replicated fund that is structured as an Irish Collective Asset-management Vehicle (ICAV). The fund is open-ended, exchange-traded, and UCITS compliant. It is also eligible for inclusion in Individual Savings Accounts (ISAs) and Self-Invested Personal Pensions (SIPPs) in the UK.
The custodian of the fund is State Street Custodial Services (Ireland) Limited, while the administrator is State Street Fund Services (Ireland) Limited. The fund manager is Irish Life Investment Managers, and the auditor is Ernst & Young Ireland.
In conclusion, the WisdomTree Artificial Intelligence UCITS ETF offers investors exposure to companies that are leading the way in AI innovation and meet WisdomTree's ESG criteria. While there are risks associated with investing in equities, the potential rewards of investing in AI are significant. The fund is physically backed, UCITS compliant, and has exposure to large-cap, mid-cap, and small-cap companies. The fund is designed to track the NASDAQ CTA Artificial Intelligence Index, which is composed of companies that are involved in the development and application of AI. The fund is also open-ended, exchange-traded, and eligible for inclusion in ISAs and SIPPs in the UK. However, investors should consider the potential risks associated with investing in equities, including the concentration of investment risk in specific sectors, countries, companies, or currencies. Additionally, higher growth companies may trade at higher valuations, which could also affect investment returns. It is important to carefully consider all investment options and potential risks before making any investment decisions.