Investors Eye AI-Focused ETFs
For investors seeking exposure to artificial intelligence (AI) without picking individual stocks, two notable exchange-traded funds (ETFs) have emerged. The Dan Ives Wedbush AI Revolution ETF (NYSEMKT: IVES), launched in June 2023, currently holds 30 stocks, with top holdings including Nvidia, Tesla, Microsoft, Amazon, and Meta Platforms. Since its inception, the fund has increased by 27%, although it has a higher expense ratio of 0.75%.
Another option, the Global X Artificial Intelligence & Technology ETF (NASDAQ: AIQ), includes 86 holdings and has delivered a 31% return year-to-date. Its top five holdings—Alphabet, Samsung, Tesla, Advanced Micro Devices, and Apple—overlap with those of IVES, but AIQ is more diversified, with roughly 70% of its investments in the information technology sector. AIQ has an expense ratio of 0.68% and has consistently outperformed the S&P 500 since its launch in 2018.
