Cancel anytime
Global X Artificial Intelligence & Technology ETF (AIQ)AIQ
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
11/29/2024: AIQ (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 26.75% | Upturn Advisory Performance 4 | Avg. Invested days: 53 |
Profits based on simulation | ETF Returns Performance 4 | Last Close 11/29/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 26.75% | Avg. Invested days: 53 |
Upturn Star Rating | ETF Returns Performance 4 |
Profits based on simulation Last Close 11/29/2024 | Upturn Advisory Performance 4 |
Key Highlights
Volume (30-day avg) 357171 | Beta 1.25 |
52 Weeks Range 29.27 - 39.17 | Updated Date 12/2/2024 |
52 Weeks Range 29.27 - 39.17 | Updated Date 12/2/2024 |
AI Summarization
ETF Global X Artificial Intelligence & Technology ETF (AIQ)
Profile:
- Focus: Invests in companies involved in the development and application of Artificial Intelligence (AI), along with tech companies that are heavily involved in AI-related fields.
- Asset Allocation: Primarily invests in US-listed equities.
- Investment Strategy: Employs a thematic approach, actively selecting companies based on their AI involvement and potential.
Objective:
- To provide capital appreciation by investing in companies that are positioned to benefit from the growth of AI and related technologies.
Issuer:
- Global X Management Company: A leading provider of exchange-traded funds (ETFs) with a focus on thematic investing.
- Reputation & Reliability: Established in 2008, Global X has a strong reputation for developing innovative and well-managed ETFs.
- Management: Experienced team with expertise in quantitative analysis and thematic investing strategies.
Market Share:
- Holds approximately 5% of the US Artificial Intelligence & Robotics ETF market share.
Total Net Assets:
- Around $1.5 billion as of November 14, 2023.
Moat:
- First-mover advantage: AIQ was one of the first ETFs dedicated to AI, giving it an edge in establishing a strong track record.
- Active management: The ETF's active management approach allows for greater flexibility and potentially higher returns compared to passive AI ETFs.
- Experienced team: Global X's expertise in thematic investing and AI analysis positions the ETF for continued success.
Financial Performance:
- Year-to-date return as of November 14, 2023: 12%
- Outperformed the S&P 500 index and its benchmark, the Solactive Artificial Intelligence & Robotics Index, year-to-date.
Growth Trajectory:
- AI industry is expected to experience significant growth in the coming years, driving potential for continued ETF growth.
Liquidity:
- Average Trading Volume: Approximately 200,000 shares per day.
- Bid-Ask Spread: Relatively low, indicating high liquidity.
Market Dynamics:
- Positive: Growing demand for AI solutions across industries, increasing investments in AI research and development.
- Negative: Potential regulatory changes, competition from other AI-focused ETFs.
Competitors:
- iShares Expanded Tech Sector ETF (IGV) - Market share: 25%
- ARK Innovation ETF (ARKK) - Market share: 15%
- Invesco QQQ Trust (QQQ) - Market share: 10%
Expense Ratio:
- 0.68% per year, which is slightly higher than some competitors.
Investment Approach and Strategy:
- Strategy: Actively managed, invests in companies based on their AI involvement and potential.
- Composition: Primarily holds US-listed equities of companies involved in AI development and application, along with tech companies heavily involved in AI-related fields.
Key Points:
- First-mover advantage in the AI ETF space.
- Active management approach with a focus on growth potential.
- Strong track record of outperforming the market.
- Relatively high liquidity and low bid-ask spread.
Risks:
- Volatility: AIQ is a thematic ETF and may experience higher volatility than the broader market.
- Market Risk: The ETF's performance is highly dependent on the performance of the AI industry and tech sector.
- Competition: The AI ETF market is becoming increasingly competitive, putting pressure on fees and returns.
Who Should Consider Investing:
- Investors seeking exposure to the growth potential of the AI industry.
- Investors with a long-term investment horizon and a high tolerance for risk.
- Investors who believe in the potential of AI to transform various industries.
Fundamental Rating Based on AI:
7.5/10
AIQ demonstrates strong fundamentals, including a first-mover advantage, experienced management, and a solid track record. The ETF's active management approach and focus on growth potential differentiate it from competitors. However, the inherent volatility of the AI industry and high competition present potential risks.
Resources:
- Global X AIQ website: https://www.globalxetfs.com/funds/aiq/
- Morningstar: https://www.morningstar.com/etfs/xnas/aiq
- Reuters: https://www.reuters.com/finance/stocks/company-profile/AIQ.O:US
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Global X Artificial Intelligence & Technology ETF
The fund invests at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to track the performance of companies involved in the development and utilization of artificial intelligence (AI) and big data. The fund is non-diversified.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.