NEW YORK, May 15, 2018 /PRNewswire/ -- Global X Funds, the
New York-based provider of
exchange traded funds (ETFs), announced today the launch of the
Global X Future Analytics Tech ETF (Nasdaq: AIQ). Designed to track
the Indxx Artificial Intelligence and Big Data Index, the fund
holds a basket of companies that are generating vast amounts of
data and developing proprietary AI systems to derive actionable
insights from that data. The fund will also access companies that
offer AI-as-a-Service (AIaaS) for big data analytics, or are
developing hardware integral to powering AI systems, including
quantum computing.
Artificial intelligence refers to the process of machines or
computers performing tasks that would otherwise require human
intelligence. In order to attain the capabilities to perform those
tasks, AI relies on utilizing and processing large amounts of data,
or "big data", to learn. As the accumulation of data continues to
grow, so does the potential of AI systems. Some estimates hold that
the emergence of AI could contribute up to $15.7 trillion to global GDP in 2030 – more than
the current output of China and
India combined.1
"Given AI's potential to impact a variety of sectors, we believe
it is poised to become one of the most significant technological
innovations of the modern era," said Alex
Ashby, director of product development at Global X. "Our aim
with all of our technology-thematic funds is to provide efficient
access to the companies leading the charge in the world's most
disruptive trends. AIQ seeks to provide investors with
exposure to the long-term growth potential of the big data and
artificial intelligence theme."
Over 90% of the data in the world has been generated since
2015.2 This "digital universe" is expected to quadruple
in size from 2015 to 2020, and then is expected to quadruple again
from 2020 to 2025.3 The exponential growth of available
data is increasingly being driven by another disruptive theme, the
Internet of Things, which is turning everyday objects into
internet-connected devices capable of generating and receiving
data. As the world's data reservoir multiplies and computing power
continues its torrid growth, the environment is ripe for a
revolution in AI capabilities.
AIQ is the seventh ETF in Global X's Thematic-Technology suite
of ETFs. The suite now totals over $3.9
billion in AUM as of April 30,
2018.
ABOUT GLOBAL X
Seeking to provide access to high-quality and cost-efficient
investment solutions, Global X is a New
York-based sponsor of exchange-traded funds (ETFs).
Founded in 2008, we are distinguished by our smart core, income,
alpha, risk management and access suites of ETFs and have more than
50 funds available across U.S. and foreign exchanges. Global X is
recognized as a leader in developing intelligent investment
solutions for our clients.
Investing involves risk, including the possible loss of
principal. The investable universe of companies in which AIQ may
invest may be limited. The companies in which the Fund
invests may be subject to rapid changes in technology, intense
competition, rapid obsolescence of products and services, loss of
intellectual property protections, evolving industry standards and
frequent new product productions, and changes in business cycles
and government regulation.
International investments may involve risk of capital loss from
unfavorable fluctuation in currency values, from differences in
generally accepted accounting principles or from social, economic
or political instability in other nations. Emerging markets involve
heightened risks related to the same factors as well as increased
volatility and lower trading volume. AIQ is non-diversified.
Shares of ETFs are bought and sold at market price (not NAV) and
are not individually redeemed from the Fund. Brokerage commissions
will reduce returns.
Carefully consider the Fund's investment objectives,
risks, and charges and expenses. This and other information can be
found in the Fund's summary or full prospectuses which may be
obtained by visiting www.globalxfunds.com. Please read the
prospectus carefully before investing.
Global X Management Company LLC serves as an advisor to Global X
Funds. The Funds are distributed by SEI Investments Distribution
Co. (SIDCO), which is not affiliated with Global X Management
Company LLC. Global X Funds are not sponsored, endorsed, issued,
sold or promoted by Indxx, nor does Indxx make any representations
regarding the advisability of investing in the Global X Funds.
Neither SIDCO nor Global X is affiliated with Indxx.
1 PWC, "Sizing the Prize," Jun
27, 2017.
2 McKinsey & Company, "Straight Talk about Big
Data," Oct 2016.
3 IDC, "Data Age 2025," March
2017.
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SOURCE Global X Funds