Global X, an exchange traded fund shop known for its thematic approach to investing, has rolled out a strategy that covers the future of analytics to help investors gain exposure to companies involved in advances in artificial intelligence and big data.

On Tuesday, Global X launched the Global X Future Analytics Tech ETF (NasdaqGM: AIQ), which has a 0.68% expense ratio.

“Artificial Intelligence and Big Data is becoming an increasingly powerful theme as companies rapidly grow their proprietary data and seek to harvest insights from that information,” said Jay Jacobs, director of research at Global X. “We are excited to bring out AIQ as our 7th ETF in our multi-billion dollar Thematic – Tech suite to provide access to this accelerating theme.”

The Global X Future Analytics Tech ETF tries to reflect the performance of the Indxx Artificial Intelligence & Big Data Index, which is comprised of companies involved in the development and utilization of artificial intelligence and big data. The underlying index includes those involved in generating vast amounts of data and developing proprietary AI systems to derive actionable insights from the data set. The ETF will also cover companies that provide AI-as-a-Service for big data analytics or are developing hardware integral to powering AI systems, such as quantum computing.

The Big Potential of A.I.

Artificial intelligence refers to the process of machines or computers performing tasks that would otherwise require human intelligence. AI relies on processing huge amounts of data, or “big data,” to learn. The potential of AI systems is based off the accumulation of big data. Some observers project the emergence of AI could add up to $15.7 trillion to global GDP by 2030.

“Given AI’s potential to impact a variety of sectors, we believe it is poised to become one of the most significant technological innovations of the modern era,” Alex Ashby, director of product development at Global X, said in a note. “Our aim with all of our technology-thematic funds is to provide efficient access to the companies leading the charge in the world’s most disruptive trends.”

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