The Abu Dhabi Securities Exchange (ADX) Group announced the expansion of its leading selection of listed exchange-traded funds (ETFs).
In turn, individual and retail investors will gain access to companies that promote the growth of artificial intelligence including industrials, utilities, tech, and real estate.
The new ETF invests in companies developing and managing the infrastructure, power systems, and energy grids essential to the growth of AI.
According to Sherif Salem, Partner & Head of Public Markets at Lunate, said, "The ETF provides investors with a unique opportunity to invest in the infrastructure enabling the global AI economy."
The demand for AI-associated assets continues to grow for Emirati, American, and international investors as the technology enhances data usage, computing requirements, digital infrastructure, and energy consumption.
Firms supporting the AI ecosystem, via energy inputs or physical capital, are witnessing sustained investment interest by sovereign wealth funds in the GCC contrary to venture capital funding globally.
The latest announcement supports private investment a stake to invest, profit, and benefit from state-led sovereign wealth investment into the AI boom.
Masdar alongside ADNOC are supporting energy-led inputs for AI data centres in the UAE whilst Silicon Valley giants are providing datacentres for local AI solutions from Google’s parent company Alphabet, Amazon, Oracle, ABB and Broadcom.
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