The Abu Dhabi Securities Exchange (ADX) Group has declared an increase in its top selection of listed exchange-traded funds (ETFs).
However, the individual and retail investors will have access to companies that encourage the expansion of artificial intelligence, such as industrials, utilities, tech, and real estate.
The new ETF also invests in the firms that are developing and managing the infrastructure, power systems, and energy grids, which are fundamental to the growth of AI.
Partner and Head of Public Markets at Lunate, Sherif Salem, said that “The ETF provides investors with a unique opportunity to invest in the infrastructure enabling the global AI economy.”
Demand for AI-related assets is rising among Emirati, American, and international investors, fueled by AI’s impact on data use, computing, digital infrastructure, and energy demand.
Companies that contribute to the AI ecosystem through energy inputs or physical capital are experiencing a continued investment interest by sovereign wealth funds in the GCC, as opposed to venture capital investments all over the world.
The announcement highlights privatized investment as a way to profit from state-led sovereign wealth investment in the AI boom.
Masdar and ADNOC are financing energy-based inputs to AI data centres in the UAE, whilst Silicon Valley giant companies are providing data centres on local AI products from Google’s parent company, Alphabet, Amazon, Oracle, ABB, and Broadcom.
