Overview
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Description
The Global X AI UCITS ETF is an exchange-traded fund designed to track the performance of companies worldwide that are actively engaged in the field of artificial intelligence. By replicating the Indxx Artificial Intelligence Index through physical, full replication, the fund offers investors diversified exposure to firms developing AI technologies, providing AI as a service, or supplying hardware critical to AI and big data applications. Notably, this ETF accumulates and reinvests dividends rather than distributing them, aiming to enhance long-term growth within the fund. Launched in September 2024 and domiciled in Ireland, the ETF holds a basket of over 80 companies and maintains a total expense ratio of 0.40% annually. The Global X AI UCITS ETF serves as a targeted vehicle for those seeking to participate in the expanding global AI sector, spanning multiple industries and geographies, and plays a specialized role in capturing innovation-driven growth themes within the broader technology market.
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Instrument type
ETF
Country
United Kingdom
MIC code
XLON