Asset managers roll out new ETFs to tap in to artificial intelligence buzz

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Venture capital firms also are directing as much as $79.

More than one-third of the two dozen ETFs that include artificial intelligence or AI in their name have been launched in 2024 alone, according to data from Morningstar.

The largest of the AI funds, the Global X Artificial Intelligence & Technology ETF, is up about 20 per cent so far this year, against a 22 per cent rise for the benchmark S&P 500.

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Category: BusinessFinance

Markets: India

Topics: Ai Asset prices Etf Venture capital Artifical intelligence

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 12:50:25 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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