NH Amundi Asset Management, the French firm’s Korean subsidiary, has announced the launch of an ETF focused on generative AI.
The NH Amundi HANARO Global Generative AI Active ETF was listed on the Korea Exchange on July 11.
It has adopted the Solactive US Technology Index as its benchmark.
The ETF launch comes on the back of the exceptional growth of the generative AI market in the last 12 months.
It is forecast that the market will grow at a compound annual growth rate of 42% over the next ten shares, increasing the market’s worth from US$40 billion to more than $1.3 trillion by 2033.
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