Zurich (20 September 2018) – STOXX Ltd., the operator of Deutsche Boerse Group’s index business and a global provider of innovative and tradable index concepts, has licensed the STOXX® AI Global Artificial Intelligence ADTV5 Index to Amundi as an underlying for an ETF. The index, launched early in 2018, is one of the world’s first indices that uses AI-related algorithms to select companies exposed to the artificial intelligence (AI) megatrend.
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“We’re particularly excited to be able to offer investors this innovative ETF which provides a cost-efficient way to gain exposure to Artificial Intelligence, a key driver of future growth. Product innovation is one of the core principles of Amundi ETF and this new listing demonstrates our commitment to providing our clients with new solutions for their long-term investment objectives,” said Fannie Wurtz, Managing Director of Amundi ETF, Indexing & Smart Beta.
“Artificial Intelligence is one of the megatrends driving future economic growth offering a combination of different technologies, and is expected to have an impact on most industries and services in the coming years. The STOXX AI Global Artificial Intelligence ADTV5 Index selects companies from a wide range of industries that invest heavily in the increased development and adoption of AI-related technologies, via an innovative selection process that relies itself on an AI system,” said Inderpal Gujral, STOXX Head of Product.
The STOXX® AI Global Artificial Intelligence ADTV5 Index comprises over 250 companies that invest heavily in the development of new AI technologies such as technology, telecommunications, finance, and internet services. It selects its constituents by using artificial intelligence technology. For identifying these companies, STOXX has partnered up with Yewno, an award-winning AI company based in Silicon Valley. The key criterion is patent filings related to AI, which can indicate leading AI innovators as well as AI adopters. The underlying universe for the index composition is the STOXX Global and Developed Markets Total Market Index, which tracks around 7,000 stocks.
