Introduction to Global X’s New ETFs

Global X has introduced two new thematic ETFs in Europe, targeting the sectors of artificial intelligence (AI) and defence technology. These ETFs are designed to provide investors with exposure to companies at the forefront of these rapidly evolving industries.

Details of the ETFs

The Global X Artificial Intelligence UCITS ETF (AIQU) and Global X Defence Tech UCITS ETF (ARMR) are now available on several major European stock exchanges, including the London Stock Exchange, Xetra, Borsa Italiana, and SIX Swiss Exchange, with listings in multiple currencies.

AIQU has an expense ratio of 0.40%, while ARMR is priced at 0.50%.

Focus on Artificial Intelligence

Global X projects that AI could contribute up to $15.7 trillion to the global economy by 2030. The AIQU ETF aims to capture this growth by investing in companies that are leading in AI development and commercialization. The fund tracks the Indxx Artificial Intelligence Index, which includes firms involved in AI technologies and services, as well as those in hardware and quantum computing.

Defence Technology Insights

With global military spending expected to rise significantly, the ARMR ETF focuses on companies benefiting from advancements in defence technology. The ETF tracks the Mirae Asset Defence Tech Index, which includes companies from developed and emerging markets, excluding certain countries. The index prioritizes firms with significant revenue from cybersecurity, defence technology, and advanced military systems.

Conclusion

These ETFs by Global X offer investors opportunities to engage with sectors crucial for future technological and security advancements. By focusing on AI and defence technology, Global X aims to empower investors to capitalize on these vital industries.

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