Solactive is pleased to announce further collaboration with KraneShares for the KraneShares Artificial Intelligence & Technology ETF (Ticker: AGIX) that tracks the Solactive Etna Artificial General Intelligence Index. The ETF provides investors with strategic exposure to companies and technologies driving advancements in Artificial General Intelligence (AGI).
AGI represents highly autonomous systems that have the potential to not just match but surpass human capabilities in economically valuable work. This potential revolution in technology could significantly impact our future, opening up a world of possibilities and advancements in a broad range of industries.
The Solactive Etna Artificial General Intelligence Index is breaking new ground by utilizing proprietary AI scoring data from KraneShares and its partners. This allows the index to represent a broader and more comprehensive AGI sector, comprising companies involved in a wide range of industries. Each company is also assigned an AI Exposure Score that represents its relevance and readiness for Artificial General Intelligence, then allocated in three categories, AI Applications, AI Hardware, AI Infrastructure. This cutting-edge approach enables the index to achieve more accurate results and streamline workflows, unlocking new possibilities for investors.
The KraneShares Artificial Intelligence & Technology ETF is listed on July 18, 2024, on the Nasdaq with the ticker code AGIX.
Timo Pfeiffer, Chief Markets Officer at Solactive, commented: “We are pleased to announce our partnership with KraneShares to offer investors comprehensive exposure to global Artificial General Intelligence. At Solactive, we remain committed to consistently delivering innovative and tailored services to meet our clients’ needs.”
Derek Yan, CFA, Senior Investment Strategist at KraneShares, commented: “We are pleased to partner with Solactive as the Index provider for AGIX. We believe Solactive’s ability to incorporate the proprietary AI scoring data from KraneShares and our partners is a key differentiator for AGIX, providing our clients with comprehensive access to the AI value chain and allowing them to stay ahead of the curve of the rapidly evolving AI landscape.”
