Bringing you live news and features since 2006 

Allianz Artificial Intelligence Fund passes EUR1bn AUM bar

RELATED TOPICS​

The Allianz Global Artificial Intelligence equity fund has passed the EUR1 billion bar in assets under management, reflecting both retail and institutional investors’ strong interest in this strategy.

The fund, from one of the world’s leading active investment managers, AllianzGI, was the first of its kind when it launched in Europe in March 2017. The AI fund has a remit to invest in companies pushing forward the development of Artificial Intelligence (AI) in all its forms around the world.
 
Unlike existing technology funds, the Allianz Global AI fund is specifically designed to benefit from AI’s disruptive potential. The goal of the Allianz Global Artificial Intelligence Fund is to navigate the changes ushered in by this transformative technology and invest in the companies which are best positioned to deliver outsized shareholder value creation.
 
By analysing this potential and integrating those companies that will drive and benefit from it directly into the portfolio, the strategy aims to harness dynamic, sustainable growth that will cut across the market.
 
Sebastian Thomas (pictured), Senior Portfolio Manager, says: “We are pleased with the interest investors have shown in the Global Artificial Intelligence Fund.  We believe artificial intelligence is a transformative technology that has the potential to reshape the global economy and disrupt existing industry structures. “
 
“Our strategy looks to invest across all sectors and around the globe for innovative companies developing or leveraging AI technology and is not managed to a typical technology index that is heavily weighted to mega cap tech stocks. The fund usually has above 75 per cent active share versus most global tech funds.”
 
“We are just scratching the surface of what AI can achieve and seeing an accelerating pace of innovation.  We believe the impacts will compound over the years to come as AI becomes even more woven into the fabric of our lives.”
 
The Allianz Global AI fund is an expansion of a strategy which was launched in Japan on 9 September 2016 in partnership with Sumitomo Mitsui Asset Management and Nikko. In total, the strategy has more than USD4 billion of assets globally.
 
AllianzGI has decades of experience covering the technology sector, field expertise within the industry, deep relationships across Silicon Valley and dedicated global resources.

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by