iShares AI Adopters & Applications UCITS ETF USD (Acc)

iShares AI Adopters & Applications UCITS ETF USD (Acc) is an exchange-traded fund that tracks the STOXX Global AI Adopters & Applications Index, focusing on companies expected to benefit from artificial intelligence advancements. Launched in December 2024 and domiciled in Ireland, it employs a physical replication strategy to hold approximately 90 global equities, selected based on patent innovation and revenue exposure to AI applications in sectors like finance, healthcare, mobility, process automation, and operational areas. The fund is accumulating, reinvesting all income to support capital growth, with a total expense ratio of 0.35% and net assets around 243 million USD. It incorporates ESG screening under Article 8 of SFDR, featuring an MSCI ESG Quality Score of 6.88 and strong coverage of sustainability metrics. Equally weighted and annually rebalanced, the ETF provides diversified access to AI adopters, emphasizing technology and healthcare influences while navigating sector-specific risks like intense competition and technological development challenges. With valuation metrics including a price-to-earnings ratio of 28.36x and price-to-book of 3.87x, it plays a key role in offering targeted exposure to the transformative impact of AI across global industries.