Service Navigation

STOXX AI Global Artificial Intelligence ADTV5 Index licensed to Amundi

Release date: 20 Sep 2018 | STOXX

STOXX AI Global Artificial Intelligence ADTV5 Index licensed to Amundi

Zurich (20 September 2018) – STOXX Ltd., the operator of Deutsche Boerse Group’s index business and a global provider of innovative and tradable index concepts, has licensed the STOXX® AI Global Artificial Intelligence ADTV5 Index to Amundi as an underlying for an ETF. The index, launched early in 2018, is one of the world’s first indices that uses AI-related algorithms to select companies exposed to the artificial intelligence (AI) megatrend.

“We’re particularly excited to be able to offer investors this innovative ETF which provides a cost-efficient way to gain exposure to Artificial Intelligence, a key driver of future growth. Product innovation is one of the core principles of Amundi ETF and this new listing demonstrates our commitment to providing our clients with new solutions for their long-term investment objectives,” said Fannie Wurtz, Managing Director of Amundi ETF, Indexing & Smart Beta.

“Artificial Intelligence is one of the megatrends driving future economic growth offering a combination of different technologies, and is expected to have an impact on most industries and services in the coming years. The STOXX AI Global Artificial Intelligence ADTV5 Index selects companies from a wide range of industries that invest heavily in the increased development and adoption of AI-related technologies, via an innovative selection process that relies itself on an AI system,” said Inderpal Gujral, STOXX Head of Product.

The STOXX® AI Global Artificial Intelligence ADTV5 Index comprises over 250 companies that invest heavily in the development of new AI technologies such as technology, telecommunications, finance, and internet services. It selects its constituents by using artificial intelligence technology. For identifying these companies, STOXX has partnered up with Yewno, an award-winning AI company based in Silicon Valley.  The key criterion is patent filings related to AI, which can indicate leading AI innovators as well as AI adopters. The underlying universe for the index composition is the STOXX Global and Developed Markets Total Market Index, which tracks around 7,000 stocks.

About STOXX Limited

STOXX Ltd. is a global index provider, currently calculating a global, comprehensive index family of over 7,500 strictly rules-based and transparent indices. Best known for the leading European equity indices EURO STOXX 50, STOXX Europe 50 and STOXX Europe 600, STOXX Ltd. maintains and calculates the STOXX Global index family which consists of total market, broad and blue-chip indices for the regions Americas, Europe, Asia/Pacific and sub-regions Latin America and BRIC (Brazil, Russia, India and China) as well as global markets.

To provide market participants with optimal transparency, STOXX indices are classified into four categories. Regular “STOXX” indices include all standard, theme and strategy indices that are part of STOXX’s integrated index family and follow a strict rules-based methodology. The “iSTOXX” brand typically comprises less standardized index concepts that are not integrated in the STOXX Global index family, but are nevertheless strictly rules-based. While indices that are branded “STOXX” and “iSTOXX” are developed by STOXX for a broad range of market participants, the “STOXX Customized” brand covers indices that are specifically developed for clients and do not carry the STOXX brand in the index name. Under the Omnient brand, STOXX offers custom indices from its existing index universe.

STOXX indices are licensed to more than 600 companies around the world as underlyings for Exchange Traded Funds (ETFs), futures and options, structured products and passively managed investment funds. Three of the top ETFs in Europe and approximately 25% of all assets under management are based on STOXX indices. STOXX Ltd. holds Europe's number one and the world's number two position in the derivatives segment.

STOXX is part of Deutsche Boerse Group, and also calculates, disseminates and markets the DAX indices.

STOXX, Deutsche Boerse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Boerse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Boerse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX® indices, DAX® indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Boerse Group or their licensors, research partners or data providers.

 

 

 

zusatzinformation