KraneShares Debuts AI ETF, Transforming Investment Landscape

Published Date: 17/07/2024

KraneShares introduces AGIX, an ETF that provides strategic access to the future of artificial intelligence, capturing the full spectrum of the AI value chain.

"The world of investing is about to get a whole lot smarter. Krane Funds Advisors, LLC, an asset management firm renowned for its global exchange-traded funds (ETFs), has launched the KraneShares Artificial Intelligence & Technology ETF (Ticker  AGIX) on the Nasdaq Stock Market (NASDAQ). This groundbreaking ETF tracks the Solactive Etna Artificial General Intelligence Index, which is specifically designed to capture the performance of companies actively engaged in developing and applying artificial intelligence technologies.

AGIX boasts a diverse portfolio of publicly listed global AI companies, with the flexibility to allocate to private AI companies. The Index concentrates on three key categories within the AI sector  hardware, infrastructure, and applications. The Index constituents are carefully selected based on a proprietary AI Exposure Score, which assesses each company's relevance to and readiness for artificial intelligence technology.

This comprehensive approach offers investors extensive exposure to the AI value chain, spanning from foundational technology to practical implementations across various industries. According to Brendan Ahern, CIO of KraneShares,"

FAQs:

"Q: What is the KraneShares Artificial Intelligence & Technology ETF?

A: The KraneShares Artificial Intelligence & Technology ETF (Ticker: AGIX) is an exchange-traded fund that tracks the Solactive Etna Artificial General Intelligence Index, providing strategic access to the future of artificial intelligence.

Q: What kind of companies are included in the AGIX ETF?

A: The AGIX ETF primarily holds publicly listed global AI companies and has the ability to allocate to private AI companies, focusing on three key categories within the AI sector: hardware, infrastructure, and applications.

Q: What is the significance of the AI Exposure Score?

A: The AI Exposure Score is a proprietary metric that assesses each company's relevance to and readiness for artificial intelligence technology, ensuring that the Index constituents are carefully selected for their AI capabilities.

Q: What is the potential impact of generative AI on the global economy?

A: Generative AI has the potential to add trillions in annual value across various sectors, transforming industries and revolutionizing the way businesses operate, according to McKinsey & Company.

Q: How can I learn more about the KraneShares Artificial Intelligence & Technology ETF?

A: For more information on the KraneShares Artificial Intelligence & Technology ETF (Ticker: AGIX), please visit https://kraneshares.com/agix or consult your financial advisor."

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