Solactive is pleased to announce its inaugural collaboration with Wedbush Fund Advisers, LLC, resulting in the launch of the Dan IVES Wedbush AI Revolution ETF. The ETF tracks the Solactive Wedbush Artificial Intelligence Index, which is designed to capture the transformative potential of companies driving the global AI economy. This launch builds on the influential research and thematic vision of Dan Ives, whose expertise in the technology sector played a pivotal role in shaping the index’s design and focus.
The artificial intelligence sector stands at a critical juncture, with generative AI and automation technologies fueling innovation across both enterprise and consumer markets. The growing adoption of AI—by both established technology leaders and emerging disruptors—presents a compelling thematic investment opportunity focused on long-term growth.
The Solactive Wedbush Artificial Intelligence Index is constructed using the research of acclaimed tech analyst Dan Ives, and leverages ARTIS®, the Solactive’s proprietary natural language processing technology, to identify U.S.-listed companies that are significant enablers or adopters of AI. To be eligible, companies must be included in the Dan Ives AI Revolution Theme Research Report and meet defined thresholds for market capitalization and trading volume. The index applies a modified market capitalization weighting approach, ensuring diversified and meaningful exposure to the full AI value chain—including cloud infrastructure, semiconductors, software, cybersecurity, and data analytics.
The ETF was listed on 4th June on the New York Stock Exchange with the ticker symbol IVES.
Steffen Scheuble, Chief Executive Officer at Solactive, commented: “Developing the Solactive Wedbush Artificial Intelligence Index for Wedbush reflects our focus on supporting clients with precise and research-driven indexing solutions. This mandate demonstrates the value of combining thematic expertise with robust, rules-based index construction to address evolving investor demand around transformational themes such as artificial intelligence.”
Matt Bromberg, Chief Operating Officer of Wedbush Fund Advisers, commented: “Wedbush Fund Advisers is thrilled to have collaborated with Solactive AG, an innovator and long-time leader in indexing, to create an index using the Dan Ives AI 30 Research Report and Dan Ives’ picks among significant creators, enablers or adopters of artificial intelligence technologies, as its starting point, creating a first of its kind ETF powered by this proprietary research”
