WisdomTree Launches Artificial Intelligence and Innovation Fund (WTAI)
December 09 2021 - 8:30AM
WisdomTree Investments, Inc. (NASDAQ: WETF), an exchange-traded
fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset
manager, announced today the launch of the WisdomTree Artificial
Intelligence and Innovation Fund (WTAI) on the CBOE. WTAI is a
passively managed ETF that seeks to track the price and
performance, before fees and expenses, of the WisdomTree Artificial
Intelligence & Innovation Index (WAII). WTAI has an expense
ratio of 0.45%.
“Advancements in technology, dating back to the mid 1900’s,
supported the development of the AI solutions that now impact all
facets of our daily lives -- and AI will continue playing a large
role in our lives going forward,” said Jeremy Schwartz, Global
Chief Investment Officer at WisdomTree. “We believe that the
WisdomTree’s Artificial Intelligence and Innovation Fund, which
allocates to specific companies involved in targeted AI categories,
is built for investors looking to include a more unique and
differentiated approach to AI in their portfolios.”
WTAI seeks to track the performance of the WisdomTree Artificial
Intelligence & Innovation Index, which identifies companies
that are primarily involved in the investment theme of AI and
Innovation.
WTAI: What’s Under the Hood?With diversified
exposure that seeks to identify the fastest growing companies and
most exciting opportunities in the AI value chain, WTAI can be an
option within a portfolio’s growth allocation and focuses on AI
technology in the following categories:
- Software - companies that
provide AI software to enable AI and machine learning capabilities
to be applied in the client domain;
- Semiconductors - companies
that produce semiconductors or semiconductor equipment and
technology;
- Other hardware - companies
that produce or develop hardware and technology essential for AI
applications that are not classified as semiconductors; and
- Innovation - companies that introduce a new,
creative, or different technologically enabled product or service
in seeking to potentially change an industry landscape, as well as
companies that service those innovative technologies, particularly
those related to AI.
Investors should carefully consider the investment
objectives, risks, charges and expenses of the Fund before
investing. To obtain a prospectus containing this and other
important information, call 866.909.9473 or visit wisdomtree.com.
Read the prospectus carefully before you invest.
There are risks associated with investing, including possible
loss of principal.
The Fund invests in companies primarily involved in the
investment themes of artificial intelligence (AI) and innovation.
Companies engaged in AI typically face intense competition and
potentially rapid product obsolescence. These companies are also
heavily dependent on intellectual property rights and may be
adversely affected by loss or impairment of those rights.
Additionally, AI companies typically invest significant amounts of
spending on research and development, and there is no guarantee
that the products or services produced by these companies will be
successful. Companies that are capitalizing on innovation and
developing technologies to displace older technologies or create
new markets may not be successful. The Fund invests in the
securities included in, or representative of, its Index regardless
of their investment merit, and the Fund does not attempt to
outperform its Index or take defensive positions in declining
markets. The composition of the Index is governed by an Index
Committee, and the Index may not perform as intended. Please read
the Fund’s prospectus for specific details regarding the Fund’s
risk profile.
Please read the Fund’s prospectus for specific details regarding
the Fund’s risk profile.
Statements concerning financial market trends are based on
current market conditions, which will fluctuate.
WisdomTree Funds are distributed by Foreside Fund Services LLC,
in the U.S. only. Foreside Fund Services LLC. is not affiliated
with the other entities mentioned.
Jeremy Schwartz is a registered representative of Foreside Fund
Services, LLC.
1 Artificial Intelligence: computer systems able to perform
tasks that normally require human intelligence, such as visual
perception, speech recognition, decision-making, and translation
between languages
WTPR--20211202-0153
About WisdomTreeWisdomTree Investments, Inc.,
through its subsidiaries in the U.S. and Europe (collectively,
“WisdomTree”), is an ETF and ETP sponsor and asset manager
headquartered in New York. WisdomTree offers products covering
equity, commodity, fixed income, leveraged and inverse, currency,
cryptocurrency and alternative strategies. WisdomTree currently has
approximately $73.5 billion in assets under management
globally.
WisdomTree® is the marketing name for WisdomTree Investments,
Inc. and its subsidiaries worldwide.
Contact Information
Media RelationsWisdomTree Investments, Inc.Jessica
Zaloom+1.917.267.3735jzaloom@wisdomtree.com
/ wisdomtree@fullyvested.com
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