Xtrackers by DWS has launched the Xtrackers Artificial Intelligence and Big Data ETF (NASDAQ: XAIX), aiming to provide investors with exposure to companies innovating in AI and Big Data technologies. The ETF tracks the Nasdaq Global Artificial Intelligence and Big Data™ Index, which uses a systematic patent screening process to identify companies active in filing patents related to key technologies like Deep Learning, Natural Language Processing, and Cloud Computing.
The fund is designed to offer a diversified exposure to AI producers and innovators, rather than just AI beneficiaries. With a net/gross expense ratio of 0.35%, XAIX joins DWS's lineup of thematic ETFs. This launch expands the Xtrackers U.S. product suite to 40 funds, with approximately USD 21 billion in assets under management as of June 30, 2024.