Another artificial intelligence (AI)-focused exchange-traded fund (ETF) has hit the market with the launch of the Jinrui Artificial Intelligence and Technology ETF.NASDAQ:AGIX) On Thursday, investors continued to seek further exposure to the artificial intelligence craze.
this The latest AGIX fund tracks the Solactive Etna Artificial Intelligence Index, which is designed to capture the performance of companies engaged in the development and application of artificial intelligence technology. In addition, the fund will focus on three key categories, including AI hardware, infrastructure and applications.
From the specifications, AGIX has a total annual operating expense of 1.00% and holds 40 shares, of which Microsoft (MSFT), Nvidia (NVDA) and Apple (AAPL) are the three largest holdings, which together account for 23.19% of the fund.
Regarding the launch, KraneShares Chief Information Officer Brendan Ahern said: “Generative AI has the potential to add trillions of dollars in value annually across industries and is expected to be a transformative force in the global economy, and AGIX provides investors with a Ways to participate in this technological revolution.
Additionally, AGIX will find itself competing to some extent for market share with other AI-themed ETFs, including:
- GX Artificial Intelligence Technology ETF (AIQ)
- GX Robotics & Artificial Intelligence ETF (BOTZ)
- ALPS Disruptive Technology ETF (DTEC)
- iShares Robotics & Artificial Intelligence Multi-Sector ETF (IRBO)
- First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT)
- Robo Global Artificial Intelligence ETF (THNQ)
- Roundhill Generative Artificial Intelligence & Technology ETF (CHAT)
