L&G Artificial Intelligence
Stockmarket ticker: AIAG
Sector: Technology/Thematic
Total expense ratio: 0.49% a year
What does it invest in?
L&G Artificial Intelligence ETF invests in shares of companies involved in artificial intelligence (AI) technology. The ETF aims to track the performance of the ROBO Global Artificial Intelligence index, a global total-return index.
More than three-quarters of the ETF’s portfolio is in US companies, with the biggest holdings including Amazon, Etsy and Microsoft, as well as more specialist businesses such as Veractye and Arista Networks.
Why would you consider it for your portfolio?
The fast-developing field of AI offers investors the potential for high growth. AI is considered an investment ‘megatrend’ that will radically transform the way people live and work.
However, as a specialist sector-focussed ETF, L&G Artificial Intelligence is a higher risk investment, and investors may want to hold it as part of a more diversified portfolio.
Does it pay an income?
No, as an accumulating ETF, L&G Artificial Intelligence automatically reinvests the interest income it earns from the companies in its portfolio.
How has it performed?
The ETF is up 42.5% since launch in July 2019 in £ terms (returns as at 22/8/22, Bloomberg data). Please note, past performance is not necessarily a reliable indicator of future performance.
You can invest in L&G Artificial Intelligence ETF via InvestEngine’s commission-free DIY platform
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