In this chapter we will delve into the WisdomTree Artificial Intelligence UCITS ETF (IE00BDVPNG13) and discuss its specific characteristics and potential suitability for different types of investors.
The ETF's primary objective is to track the performance of the Nasdaq CTA Artificial Intelligence and Robotics Index by providing investors with exposure to companies engaged in the development, advancement and application of artificial intelligence (AI) and robotics technologies.
The ETF invests primarily in global equities, focusing on companies engaged in AI and robotics.
This includes companies from various sectors, such as technology, industrial manufacturing, healthcare, and financial services. By investing in a diverse range of companies in the AI and robotics sector, the ETF offers the potential for growth and innovation-driven returns.
The fund's assets under management (AUM) is about $300 million. Let's say that is sufficient liquidity to allow entry even with modest capital.
The ETF is denominated in U.S. dollars and domiciled in Ireland. For non-U.S. investors, it is essential to consider the currency risk associated with investing in a dollar-denominated ETF.
The ETF has an expense ratio of 0.40 percent, which is relatively low compared to other thematic or niche ETFs.
However, investors should always compare the expense ratio with that of similar funds to ensure affordability.