Amundi unveils artificial intelligence ETF

OCF of 0.35%

Amundi has expanded its thematic product range with the launch of an artificial intelligence ETF.

The Amundi STOXX Global Artificial Intelligence UCITS ETF will offer investors exposure to companies capturing AI's growth potential. Tracking the STOXX AI Global Artificial Intelligence ADTV5 index, the ETF will have an ongoing charges figure (OCF) of 0.35%. Nine megatrends of the future to shape investment growth The index analyses stocks using two metrics. 'AI exposure' is the proportion of AI-related patents granted to the company over three years compared to the total number of patents granted to that company over the same period, while 'AI contribution' is the proportion of A...