Alternative Investments/AI: WisdomTree Launches Artificial Intelligence and Innovation Fund (WTAI)
The new WisdomTree ETF will offer investors exposure to AI, the technology that is playing a larger role in our lives.
WisdomTree Investments, Inc. (NASDAQ: WETF) announced Thursday the launch of the WisdomTree Artificial Intelligence and Innovation Fund (WTAI) on the CBOE.
The passively managed ETF will track the WisdomTree Artificial Intelligence & Innovation Index.
Charging an expense ratio of 0.45%, the fund will offer investors exposure to businesses primarily involved with the theme of AI and innovation. (WisdomTree)
The fund will focus on AI technology in the areas of software, semiconductors, hardware and innovation.
“Advancements in technology, dating back to the mid 1900’s, supported the development of the AI solutions that now impact all facets of our daily lives — and AI will continue playing a large role in our lives going forward,” said Jeremy Schwartz, Global Chief Investment Officer. “We believe that the WisdomTree’s Artificial Intelligence and Innovation Fund, which allocates to specific companies involved in targeted AI categories, is built for investors looking to include a more unique and differentiated approach to AI in their portfolios.”
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