Why the Xtrackers Artificial Intelligence & Big Data UCITS ETF is a promising investment and can put you ahead of other investors.

Why the Xtrackers Artificial Intelligence & Big Data UCITS ETF is a promising investment and can put you ahead of other investors.

According to a report by www.boerse-online.de,
The topic of artificial intelligence will continue to be one of the most relevant topics on the stock market in the new year. Recently, renowned tech analyst Dan Ives from Wedbush declared that 2024 will be the “Year of AI.” But this year it is difficult when it comes to which stock you should bet on in order to benefit as much as possible from this development. Because some stocks already recorded incredible price jumps last year. These included Nvidia and Microsoft, which are considered the leading players in AI. But there is a solution that will put you a step ahead of other investors. An ingenious tech ETF combines the topic of artificial intelligence with another topic and may have found a particularly promising successful combination that promises enormous growth in 2024 and also in the coming years.

The Xtrackers Artificial Intelligence & Big Data UCITS ETF, which tracks the Nsadaq Global Artificial Intelligence and Big Data Index, provides exposure to AI, data processing and cybersecurity companies. Artificial intelligence, data processing and cyber security are relevant growth trends across industries with considerable potential. The global artificial intelligence market is forecast to grow by over 37 percent every year through 2030, and data processing and cybersecurity technologies will also become more important as data volumes and cyber threats increase. The ETF mentioned combines all three growth trends and offers investors the opportunity to profit efficiently from these developments.

The ETF invests in up to 100 companies from developed and emerging countries that must meet certain ESG criteria. Over 80 percent of the companies come from the USA, while companies from other countries such as South Korea and Germany are also represented. The largest positions in the ETF include companies like Meta, Salesforce and Nvidia. Since October 2019, the ETF has recorded a positive performance of over 100 percent, which should appear attractive to investors.

Given the underlying growth trends and portfolio composition, the said ETF has the potential to have a significant impact on the market and potentially the industry. By specifically investing in companies active in artificial intelligence, data processing and cyber security, the ETF can have a positive impact on the development of these industries and provide clear direction to the market. As demand for technologies in these areas is expected to continue to increase, the companies included in the ETF could benefit from this long-term growth and have a significant impact on the market.

However, it should be noted that the performance of ETFs depends on various factors and no past performance is a guarantee of future results. Nevertheless, the mentioned ETF is interesting for investors due to its broad investment approach and the promising growth trends in the mentioned areas.