Indxx's AI Index Licenses Transforming Industries for Global X ETFs Europe

Published Date: 14/09/2024

Indxx, a leading provider of indexing solutions, has licensed its Artificial Intelligence Index to Global X ETFs Europe for a new ETF, providing exposure to companies benefiting from AI technology.

Indxx, a provider of innovative indexing solutions, is pleased to announce the licensing of its Artificial Intelligence Index to Global X ETFs Europe. This strategic partnership will enable the launch of the Global X Artificial Intelligence UCITS ETF (AIQU), which began trading on the London Stock Exchange today.

The Indxx Artificial Intelligence Index provides exposure to companies listed or incorporated in developed markets that are positioned to benefit from the development and utilization of Artificial Intelligence (“AI”) technology in their products and services. This includes companies that produce hardware used in Artificial Intelligence applied for the analysis of Big Data.

Rahul Sen Sharma, President, and Co-CEO at Indxx, commented, “Artificial Intelligence is revolutionizing industries such as healthcare, finance, and education, driving substantial technological progress and enhancing human-machine collaboration. This transformative shift is fuelled by a remarkable surge in investment. Q2 2024 marked the largest quarter for AI funding in recent years, with global funding for AI startups doubling quarter-over-quarter to $24 billion, representing 30% of all investments. Nvidia, a pivotal force in AI chip production, surpassed the $3 trillion market capitalization milestone in June 2024.

Vaibhav Agarwal, Chief Product Officer at Indxx, added, “The Indxx Artificial Intelligence Index is designed to provide a comprehensive exposure to the Artificial Intelligence industry. By including Artificial Intelligence Developers and Artificial Intelligence-as-a Service Providers as well as companies offering Artificial Intelligence Hardware and Quantum Computing, it captures key themes in the AI ecosystem.

Rob Oliver, Head of Global X ETFs Europe, stated, “We are dedicated to providing our investors with access to the most relevant and innovative investment themes. The launch of our Artificial Intelligence (AI) UCITS ETF underscores our commitment to expanding our brand in Europe and empowering investors to capitalize on sectors that are vital to the future of our continent.

As of September 12, 2024, the index has 84 constituents. The index has been backtested to January 31, 2014, and has a live calculation date of May 28, 2024.

About Indxx

Indxx is a leading provider of indexing solutions, founded in 2005. The company aims to deliver innovative and custom indexing and calculation solutions to the investment management community at large.

FAQS:

Q: What is the Indxx Artificial Intelligence Index?

A: The Indxx Artificial Intelligence Index provides exposure to companies listed or incorporated in developed markets that are positioned to benefit from the development and utilization of Artificial Intelligence (“AI”) technology in their products and services.

Q: What is the purpose of the Global X Artificial Intelligence UCITS ETF (AIQU)?

A: The Global X Artificial Intelligence UCITS ETF (AIQU) aims to provide investors with exposure to the Artificial Intelligence industry, capitalizing on sectors that are vital to the future of Europe.

Q: Who is the licensor of the Artificial Intelligence Index?

A: Indxx is the licensor of the Artificial Intelligence Index to Global X ETFs Europe.

Q: What is the significance of Nvidia in the AI industry?

A: Nvidia is a pivotal force in AI chip production and has surpassed the $3 trillion market capitalization milestone in June 2024.

Q: How many constituents does the Indxx Artificial Intelligence Index have as of September 12, 2024?

A: The index has 84 constituents as of September 12, 2024.

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