Caixin
May 26, 2023 03:19 PM
FINANCE

AI-Focused ETF Assets Could Triple to $35 Billion by 2030, Report Says

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Cutting-edge AI applications are showcased at the Artificial Intelligence Pavilion of Zhangjiang Future Park in June 2021 in Shanghai. Photo: Bloomberg
Cutting-edge AI applications are showcased at the Artificial Intelligence Pavilion of Zhangjiang Future Park in June 2021 in Shanghai. Photo: Bloomberg

(Bloomberg) — Exchange-traded funds tracking companies that are linked to artificial intelligence may see their assets grow threefold to $35 billion by 2030, a report by Bloomberg Intelligence shows.

The number of these types of ETFs may also amount to more than 150 globally from the current count of 56, BI’s Rebecca Sin and Breanne Dougherty said. China, they predict, may be the biggest destination for funds thanks to the nation’s “robust AI effort” despite having only three robotics-focused ETFs with roughly $67 million in assets.

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