NEW
YORK, Jan. 30, 2024 /PRNewswire/ -- Global
X ETFs, the New York-based
provider of exchange-traded funds, today announced that the Global
X Artificial Intelligence & Technology ETF (AIQ) has surpassed
USD 1 billion in assets under
management (AUM). This important milestone represents both the
firm's legacy and expertise in thematic investing as well as the
rapid rise of artificial intelligence (AI) and its role in
accelerating disruption across industries.
AIQ, which seeks to invest in companies that potentially stand
to benefit from the further development and utilization of AI
technology and hardware in their products and services, has
benefitted from the major strides made in cutting-edge AI
technology in 2023. ChatGPT, OpenAI's generative AI platform,
surpassed over 100 million weekly users in under a
yeari, and worldwide expenditures on AI chips soared
past $50 billionii last
year as new consumer and enterprise AI use cases continue to
emerge. AIQ provides investors with exposure to a range of
businesses engaging these paradigm-shifting technologies.
"AI's rapid advancement has the potential to add trillions of
dollars to the global economyiii. AI is fueling the
evolution of cloud computing and producing more convenient,
accessible and scalable resources that benefit corporate IT
departments and consumers alike. In addition, AI is helping to
bring about the next generation of automation technologies –
lowering costs, driving productivity and helping employees focus on
higher value work," said Pedro Palandrani, Director of
Research at Global X ETFs. "As these technologies continue to
overlap, we believe they are paving the way for successive rounds
of innovation that can continue to change consumer expectations in
new and often unexpected ways. AIQ provides investors with access
to this disruptive theme, while leveraging Global X's history in
and knowledge of thematic investing."
The Global X Artificial Intelligence & Technology ETF (AIQ)
seeks to provide investment results that correspond generally to
the price and yield performance, before fees and expenses, of the
Indxx Artificial Intelligence & Big Data Index. The fund
carries a total expense ratio of 0.68%.
About Global X ETFs
Global X ETFs was founded in 2008. For more than a decade, our
mission has been empowering investors with unexplored and
intelligent solutions. Our product lineup features a wide range of
ETF strategies and over $40 billion
in worldwide assets under management.iv While we
are widely recognized for our Thematic Growth, Income, Commodity
and International Access ETFs, we also offer Core, Risk Management,
Digital Asset, and other solutions to suit a range of investment
objectives. Explore our ETFs, research and insights, and more at
www.globalxetfs.com.
Global X is a member of Mirae Asset Financial Group, a global
leader in financial services, with more than $550 billion in assets under management
worldwide.v Mirae Asset has an extensive global ETF
platform ranging across the US, Australia, Brazil, Canada, Colombia, Europe, Hong
Kong, India, Japan, Korea, and Vietnam with over $80bn in assets under
management.vi
Important Information
Investing involves risk, including the possible loss of
principal. The investable universe of companies in which AIQ may
invest may be limited. The companies in which the Fund invests may
be subject to rapid changes in technology, intense competition,
rapid obsolescence of products and services, loss of intellectual
property protections, evolving industry standards and frequent new
product productions, and changes in business cycles and government
regulation.
International investments may involve risk of capital loss from
unfavorable fluctuation in currency values, from differences in
generally accepted accounting principles or from social, economic
or political instability in other nations. Emerging markets involve
heightened risks related to the same factors as well as increased
volatility and lower trading volume. AIQ is non-diversified.
As of January 29, 2024, AIQ is not
invested in shares of OpenAI. Holdings are subject to change.
Shares of ETFs are bought and sold at market price (not NAV) and
are not individually redeemed from the Fund. Brokerage commissions
will reduce returns.
Carefully consider the fund's investment objectives,
risks, and charges and expenses. This and other information can be
found in the fund's full or summary prospectuses, which may be
obtained at globalxetfs.com. Please read the prospectus carefully
before investing.
Global X Management Company LLC serves as an advisor to Global X
Funds. The Funds are distributed by SEI Investments Distribution
Co. (SIDCO), which is not affiliated with Global X Management
Company LLC or Mirae Asset Global Investments.
i Source: The Verge, November 6,
2023
ii Source: Gartner, August 22,
2023
iii Source: McKinsey Report: The Economic Potential of AI,
June 14, 2023
iv Source: Global X, as of January 28,
2024
v Mirae Asset, as of November 20,
2023
vi Mirae Asset, as of November 20,
2023
Media Contact
Naomi Sussis
AVP, Communications Manager
nsussis@globalxetfs.com
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SOURCE Global X Management Company LLC