WisdomTree has launched the WisdomTree Artificial Intelligence UCITS ETF Exchange Traded Fund on Xetra and Börse Frankfurt.
The ETF gives investors the opportunity to participate in the performance of companies that are active in the field of artificial intelligence and are classified by the Consumer Technology Association (CTA) as Enablers, Developers or Enhancers.
The Benchmark Index uses the AI Intensity Rating, which measures the perceived level of a company’s exposure to the AI industry as an Enabler, Developer, or Extender. Companies in the top 15 of the CTA intensity rating in each category are included in the index. The Benchmark Index uses a modified equal weighting methodology aimed at the following weight distribution by category: Enablers 40 per cent; Developers 50 per cent; and Expanders 10 per cent.