Invescois launching an innovative ETF (exchange traded fund) designed to target companies with potential to generate real earnings from blockchain technology. The Invesco Elwood Global Blockchain UCITS ETF has been developed in partnership with Elwood Asset Management (“Elwood”), an investment firm specialising in providing institutional investors with exposure to digital assets and blockchain technology.
Bin Ren, CEO of Elwood, explains, “Blockchain has been around for a decade, but many people still see it just as the technology behind cryptocurrencies. The true potential, however, may extend far beyond that.
We are beginning to see the technology being used by financial services companies in particular, but we expect greater application of blockchain technology across a wide range of industries. We believe the potential for blockchain to change the global economy is greatly underappreciated in today’s market, much like the internet was in the beginning, when most people couldn’t see past its usefulness for email.”
Blockchain is a ledger
A blockchain is a ledger that enables the transfer of assets to create a transparent, unalterable, traceable and permanent record of all transactions involving those particular assets. Cryptocurrencies were the first assets to use the blockchain technology, but assets can also be physical, or they could be medical records, legal contracts or any other information that flows between multiple parties.
Chris Mellor, Head of EMEA ETF Equity Product Management at Invesco, said, “The potential for blockchain to drive real earnings is huge, but it is often hidden within companies involved in other areas. This ETF offers investors access to companies with real earnings now, but with the added potential of blockchain-related earnings not reflected in their share prices.”
The ETF aims to deliver the performance of the Elwood Blockchain Global Equity Index by physically investing in the index constituents. The index offers exposure to global companies in developed and emerging markets that participate or have the potential to participate in the blockchain ecosystem. It is designed to evolve with the potential growth of blockchain technology.
‘Developing’ or ‘potential’ phase
Kevin Beardsley, Head of Business Development at Elwood, commented, “The majority of the index is currently allocated to companies where the value attributable specifically to blockchain technology is either in the ‘developing’ or ‘potential’ phase. These are companies with assets that are well-positioned to capitalize on the emerging opportunities for blockchain. Over time, however, we would expect the balance to shift naturally to companies with more significant direct exposure to blockchain-related earnings as the technology becomes more ubiquitous.”
In terms of the largest sector allocations, the index currently has 46% in information technology, 23% in financials, 9% in communication services and 8% in both the materials and consumer discretionary sectors. The three largest geographical allocations are to the US (39%), Japan (29%) and Taiwan(12%).
Calculated by Solactive AG
The index is calculated for Elwood Asset Management by Solactive AG, a globally recognised index provider with expertise in tailor-made indices. The index is reviewed and rebalanced quarterly.
The Invesco Elwood Global Blockchain UCITS ETF is the latest example of Invesco’s expertise in identifying new and interesting segments of the market and creating funds that enable investors to access those opportunities efficiently. Invesco launched the first ETFs in Europe that provided targeted exposure to the financial technology and biotechnology sectors, and the firm also offers a full range of US and European sector ETFs.
WisdomTree bolsters its commitment to Fixed Income Research and Strategy. WisdomTree appoints Lidia Treiber as Director of Research.
WisdomTree, an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor, is pleased to announce the appointment of Lidia Treiber as Director – Research for WisdomTree in Europe.
In her role, Lidia Treiber will lead the Fixed Income Research in Europe, deepening the WisdomTree’s fixed income capabilities and ensuring that investors receive up-to-date, expert insight into global developments in this asset class.
Lidia has over eleven years of experience in the investment management industry, having spent the last four years as Fixed Income Specialist at Invesco ETFs. Prior to that, she was part of Wellington Management where she worked with the firm’s largest institutional clients, and BlackRock where Lidia Treiber was a Research Analyst and Fixed Income Product Strategist. Lidia brings with her a breadth of research knowledge, product specialism and institutional and retail relationship management from the UK, Continental Europe and the US.
Lidia will report to Christopher Gannatti, Head of Research in Europe, and is an important hire for the business as it bolsters its commitment to the fixed income space. She will work directly with the firm’s existing, robust research team based in London and the US and her addition exemplifies WisdomTree’s commitment to offering investors a broad array of differentiated investment strategies.
Christopher Gannatti said, “Lidia is the perfect candidate to strengthen the Company’s fixed income research and knowledge set. Investment in ETFs in this asset class appears set to surge again in 2019. Lidia will play a key role in providing market insights and in shining a light on WisdomTree’s smart beta products in this space, ensuring we continue to help educate and inform investors”.
About WisdomTree UK Ltd.
WisdomTree Investments, Inc., through its subsidiaries in the US, Europe and Canada (collectively, ”WisdomTree”), is an exchange traded fund (”ETF”) and exchange traded product (”ETP”) sponsor. WisdomTree offers products covering equities, fixed income, currencies, commodities and alternative strategies. Through WisdomTree UK Limited, it sponsors WisdomTree UCITS ETFs and ETPs from ETF Securities and Boost, in a wide range of asset classes, including short and leverage ETPs. WisdomTree currently has approximately $56.1 billion (as of 10 January 2019) in assets under management globally. For more information, please visit www.wisdomtree.com.
WisdomTree® is the marketing name for WisdomTree Investments, Inc. and its subsidiaries worldwide.
Important Information
The content on this document is issued by WisdomTree UK Ltd (“WTUK”), which is authorised and regulated by the Financial Conduct Authority (“FCA”). Our Conflicts of Interest Policy and Inventory are available on request.
For professional clients only. The information contained in this communication is for your general information only and is neither an offer for sale nor a solicitation of an offer to buy securities or shares. This communication should not be used as the basis for any investment decision. Investments may go up or down in value and you may lose some or all of the amount invested. Past performance is not necessarily a guide to future performance. Any decision to invest should be based on the information contained in the appropriate prospectus and after seeking independent investment, tax and legal advice.
This communication is not, and under no circumstances is to be construed as, an advertisement or any other step in furtherance of a public offering of shares or securities in the United States or any province or territory thereof. Neither this document nor any copy hereof should be taken, transmitted or distributed (directly or indirectly) into the United States.
Nu lanserar XACT OMXC25 (UCITS ETF), den första ETF:en* som noteras på Köpenhamnsbörsen. Detta ger placerare möjlighet att i realtid enkelt köpa och sälja en korg med de 25 största och mest omsatta danska bolagen. Den låga förvaltningsavgiften innebär också ett kostnadseffektivt sparande när Xact lanserar Danmarksförsta ETF.
”Jag är mycket stolt över att Xact är först ut med att notera en ETF på Köpenhamnsbörsen. Återigen är vi pionjärer på ETF-området i Norden”, säger Pär Nürnberg, vd på Xact Kapitalförvaltning.
ETF:er har kallats för finansvärldens största innovation på 2000-talet och har snabbt blivit mycket populära som investerings- och sparform internationellt. Såväl professionella investerare som privata småsparare ser fördelarna med att få smidig marknadsexponering till låg kostnad.
”XACT OMXC25 (UCITS ETF) har, genom sin transparens och som indexfond, väsentligt lägre förvaltningsavgift och lägre transaktionskostnader än traditionella danska investeringsföreningar. Detta är egenskaper som gör ETF:er så populära, både som långsiktig sparform och som ett verktyg att sekundsnabbt göra taktiska justeringar i sin portfölj”, säger Pär Nürnberg.
XACT OMXC25
XACT OMXC25 (UCITS ETF) handlas och prissätts i danska kronor i realtid på Köpenhamnsbörsen. Fonden följer utvecklingen i indexet OMXC25GI som speglar avkastningen på de 25 största och mest omsatta aktierna på Köpenhamnsbörsen. Indexet innehåller just nu världskända danska bolag som Novo Nordisk, Vestas, Carlsberg och AP Möller för att nämna några.
Xact – först och störst i Norden
Xact Kapitalförvaltning AB är ett svenskt fondbolag som är specialiserat på indexförvaltning. Redan år 2000 lanserade Xact den första ETF:en och blev därmed först i Norden med att erbjuda ETF:er. Idag förvaltas cirka 30 000 MSEK i våra 15 ETF:er, vilket gör oss till Nordens ledande utgivare av ETF:er.
En fonds historisk avkastning är ingen garanti för framtida avkastning. De pengar som placeras i fonder kan både öka och minska i värde och det är inte säkert att du får tillbaka hela det insatta kapitalet. På xact.se finner du fullständig informationsbroschyr samt fondbestämmelser, faktablad och aktuell kursutveckling för respektive fond. Xact reserverar sig mot eventuella fel i informationen.
Xact Kapitalförvaltning AB
Postadress: Stockholm SE-106 70 Stockholm
Gatuadress: Blasieholmstorg 12
Telefon: +46 8 701 40 00
Styrelsens säte: Stockholm
Organisationsnr: 556997-8140 www.xact.se
Tracks a unique index designed in collaboration with AI & technology market experts, Nasdaq and the Consumer Technology Association Offers focused exposure to exponential AI megatrend
London, 5 December 2018: WisdomTree, the exchange traded fund (”ETF”) and exchange traded product (”ETP”) sponsor, has partnered with Nasdaq and the Consumer Technology Association (CTA) to launch an ETF providing unique exposure to the Artificial Intelligence (AI) sector. The WisdomTree Artificial Intelligence UCITS ETF listed on the London Stock Exchange today, with a total expense ratio (TER) of 0.40%.
The ETF will provide investors with liquid and cost-effective access to this exponential technology megatrend that is driving efficiencies and new business capabilities across all industries globally and redefining the way we live and work.
Christopher Gannatti, WisdomTree Head of Research in Europe says, “We are delighted to partner with Nasdaq and CTA, who are experts in AI and technology markets. We have worked together, leveraging our combined expertise, to re-define the AI investment landscape.”
“To capture the full economic value of AI we place companies in three categories; Engagers, Enablers and Enhancers*. When investors think of what this can bring to a portfolio, they should be thinking over a long time horizon and about how advances like autonomously driven cars, a digital workforce, mass facial recognition and other applications of intelligent machines could change the world,” Gannatti added.
Rafi Aviav, WisdomTree Head of Product Development in Europe comments, “AI is a revolutionary technology and the market for AI products and services is expected to more than triple over the next three years[1]. This fund offers a unique approach to capturing this expected growth, which is the result of a year-long collaboration between WisdomTree, Nasdaq and CTA.”
“The fund broadly represents the upstream[2] and midstream[3] parts of the AI value chain and so balances diversification with a focused exposure on those parts of the AI value chain that stand to gain the most from growth in the AI market,” Aviav added.
There is no commonly used classification system that allows one to automatically choose companies engaged in the emerging AI space, so the research for the selection of index portfolio companies is conducted by experts with deep familiarity of the AI value chain and the technology markets more broadly. This ensures the portfolio remains focused on AI opportunities rather than becoming just another broad tech fund.
We believe the fund’s unique approach offers the best of both the active and passive investment worlds in accessing the AI megatrend. The fund’s portfolio companies are already capitalising on the AI opportunity across industries and are well positioned for AI’s growth,” Aviav commented.
“AI is one of the key ‘ingredient technologies’ over the next decade – deployed everywhere from factory floors and retail stores to banks and insurance offices, creating new opportunities,” said Jack Cutts, senior director of business intelligence and research, CTA. “We’ll see this play out in January at CES® 2019 – the most influential tech event in the world – where AI will be a dominant theme, showcasing the massive potential AI has to change our lives for the better. We’re excited to partner with Nasdaq and WisdomTree to make AI investible.”
“Artificial Intelligence is at an inflection point to drive further economic growth and create new areas of opportunity,” said Dave Gedeon, Vice President and Head of Research and Development for Nasdaq Global Indexes. “The Nasdaq CTA Artificial Intelligence Index serves as an important benchmark for tracking the adoption of AI across a broad range of economic sectors as this influential technology hastens advancements in productivity and capacity.”
WisdomTree Artificial Intelligence UCITS ETF: Under the hood
The WisdomTree Artificial Intelligence UCITS ETF tracks the Nasdaq CTA Artificial Intelligence Index. This enables investors to gain diversified exposure which is focused on companies that stand to gain the most from growth in AI adoption and performance. The index can evolve as new AI trends and companies come on stream through a semi-annual update. The Index is currently comprised of 52 constituents globally with stringent eligibility criteria:
• Define Universe: Companies must be listed on a set of recognized global stock exchanges and satisfy minimum liquidity criteria and market capitalization criteria to be included in the index.
• Identify and Classify: Companies are identified as belonging to the AI value
chain and classified into the following categories: Enhancers, Enables and Engagers (see below for definitions.)
• Determine AI Exposure: The AI exposure for each individual stock is investigated and scored.
• Top Selection: Only companies with the top 15 scores in each category (Enhancers, Enablers and Engagers) are selected for inclusion, and their weight is allocated evenly in each category.
• Allocate Weight: In total Engagers comprise 50% of index exposure, Enablers comprise 40%, and Enhancers comprise 10% of index exposure.
*Engagers: Companies whose focus is providing AI-powered products & services.
Enablers: Companies who are key players in this space, with some of their core products and services enabling AI. They include component manufacturers (including relevant CPUs, GPUs etc.), and platform and algorithm providers that power the development and running of AI processes.
Enhancers: Companies who are a prominent force in AI but whose relevant product or service is not currently a core part of their revenue. They include chip manufacturers, and platform and algorithm providers that power the development and running of AI-powered products & services.
[TABLE=239]
[1] Source: New IDC Spending Guide, International Data Corporation (IDC), 19 September 2018.
2 Upstream AI constituents include component manufacturers, platform providers and algorithm providers
3 Midstream AI constituents consist primarily of AI powered solution providers
Notes to Editors
About WisdomTree Europe Ltd.
WisdomTree Investments, Inc., through its subsidiaries in the US, Europe and Japan (collectively, ”WisdomTree”), is an exchange traded fund (”ETF”) and exchange traded product (”ETP”) sponsor. WisdomTree offers products covering equities, fixed income, currencies, commodities and alternative strategies. Through WisdomTree UK Limited, it sponsors WisdomTree UCITS ETFs and ETPs from ETF Securities and Boost, in a wide range of asset classes, including short and leverage ETPs. WisdomTree currently has approximately $56.5 billion (as of 28 November 2018) in assets under management globally. For more information, please visit www.wisdomtree.com.
WisdomTree® is the marketing name for WisdomTree Investments, Inc. and its subsidiaries worldwide.
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 100 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to over 4,000 total listings with a market value of approximately $15 trillion. To learn more, visit business.nasdaq.com.
About the Consumer Technology Association
Consumer Technology Association (CTA)TM is the trade association representing the $377 billion U.S. consumer technology industry, which supports more than 15 million U.S. jobs. More than 2,200 companies – 80 percent are small businesses and startups; others are among the world’s best-known brands – enjoy the benefits of CTA membership including policy advocacy, market research, technical education, industry promotion, standards development and the fostering of business and strategic relationships. CTA also owns and produces CES® – the world’s gathering place for all who thrive on the business of consumer technologies. Profits from CES are reinvested into CTA’s industry services.
DISCLAIMER
The content on this document is issued by WisdomTree UK Ltd (“WTUK”), which is authorised and regulated by the Financial Conduct Authority (“FCA”). Our Conflicts of Interest Policy and Inventory are available on request.
For professional clients only. Past performance is not a reliable indicator of future performance. Any historical performance included on this document may be based on back testing. Back testing is the process of evaluating an investment strategy by applying it to historical data to simulate what the performance of such strategy would have been. Back tested performance is purely hypothetical and is provided on this document solely for informational purposes. Back tested data does not represent actual performance and should not be interpreted as an indication of actual or future performance. The value of any investment may be affected by exchange rate movements. Any decision to invest should be based on the information contained in the appropriate prospectus and after seeking independent investment, tax and legal advice. These products may not be available in your market or suitable for you. The content of this document does not constitute investment advice nor an offer for sale nor a solicitation of an offer to buy any product or make any investment.
An investment in ETPs is dependent on the performance of the underlying index, less costs, but it is not expected to match that performance precisely. ETPs involve numerous risks including among others, general market risks relating to the relevant underlying index, credit risks on the provider of index swaps utilised in the ETP, exchange rate risks, interest rate risks, inflationary risks, liquidity risks and legal and regulatory risks.
The information contained on this document is not, and under no circumstances is to be construed as, an advertisement or any other step in furtherance of a public offering of shares in the United States or any province or territory thereof, where none of the Issuers or their products are authorised or registered for distribution and where no prospectus of any of the Issuers has been filed with any securities commission or regulatory authority. No document or information on this document should be taken, transmitted or distributed (directly or indirectly) into the United States. None of the Issuers, nor any securities issued by them, have been or will be registered under the United States Securities Act of 1933 or the Investment Company Act of 1940 or qualified under any applicable state securities statutes.
The products discussed on this document are issued by one of WisdomTree Issuer PLC and Boost Issuer PLC (each of them separately, an “Issuer”).
This document may contain forward looking statements including statements regarding our belief or current expectations with regards to the performance of certain assets classes and/or sectors. Forward looking statements are subject to certain risks, uncertainties and assumptions. There can be no assurance that such statements will be accurate and actual results could differ materially from those anticipated in such statements. Therefore, readers are cautioned not to place undue reliance on these forward-looking statements.
WisdomTree Issuer PLC
WisdomTree Issuer PLC is an umbrella investment company with variable capital having segregated liability between its funds organised under the laws of Ireland as a public limited company and authorised by the Central Bank of Ireland (“CBI”). WT Issuer is organised as an Undertaking for Collective Investment in Transferable Securities (“UCITS”) under the laws of Ireland and shall issue a separate class of shares (”Shares”) representing each fund. Investors should read the prospectus of WT Issuer (“WT Prospectus”) before investing and should refer to the section of the WT Prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the Shares.
Nasdaq®and the Nasdaq CTA Artificial intelligence Index are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by WisdomTree Management Limited. The WisdomTree Artificial Intelligence UCITS ETF (the “Fund”) has not been passed on by the Corporations as to its legality or suitability. Shares in the Fund are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE FUND.
Find out what an exchange traded fund is, their benefits and how you can invest in them. Learn why they are one of the fastest growing investment options for Canadian investors. ETFs 101: What is an ETF?
The Horizons ETFs Group consists of innovative financial services companies offering regional families of ETFs in Canada, Colombia, Korea, Hong Kong, Australia, and the United States. Currently, all of the ETFs offered by these companies use the Horizons ETFs’ brand with the exception of the ‘BetaShares’ family of ETFs in Australia and the ‘Mirae Asset Tiger ETFs’ family in Korea. The Horizons ETFs Group makes up one of the largest collective families of ETFs in the world. All of the Horizons ETFs Group companies and affiliates are subsidiaries of Mirae Asset Global Investments Co., Ltd.
As of October 31, 2017, Horizons ETF Group total global AUM stood at US$ 17.5 billion.
Mirae Asset Global Investments:
Mirae Asset Global Investments is a global investment management firm originating from Asia with offices, clients and business lines across the world’s major markets (Australia, Brazil, Canada, China, Colombia, Hong Kong, India, Korea, Taiwan, the U.K., the United States and Vietnam). We provide asset management services through a diversified platform that offers market-leading franchises in traditional equity and fixed income products, ETFs and alternative strategies such as real estate, private equity and hedge funds.
As of September 30, 2016, Mirae Asset Global Investments Co., Ltd total AUM stood at US$ 110 billion.
