{"id":60001,"date":"2024-05-15T13:00:54","date_gmt":"2024-05-15T12:00:54","guid":{"rendered":"https:\/\/www.etfworld.com\/nl\/?p=60001"},"modified":"2024-05-17T09:52:26","modified_gmt":"2024-05-17T08:52:26","slug":"direxion-launches-two-etfs-tracking-the-solactive-us-ai-big-data-index","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/nl\/direxion-launches-two-etfs-tracking-the-solactive-us-ai-big-data-index\/","title":{"rendered":"Direxion Launches Two ETFs Tracking the Solactive US AI & Big Data Index"},"content":{"rendered":"
Solactive AG : The artificial intelligence market is poised for continued growth, with the global AI market projected to reach US$106.50 billion in 2024 and increase to US$237.10 billion by 2030.<\/h5>\n
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Timo Pfeiffer, Chief Markets Officer at Solactive<\/strong><\/p>\n

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The United States is expected to represent the largest market size at US$106.50 billion in 2024. Amid this booming AI landscape Solactive and Direxion have partnered to launch two new ETFs.<\/p>\n

The Direxion Daily AI and Big Data Bull 2X Shares<\/strong><\/span> (AIBU) and Direxion Daily AI and Big Data Bear 2X Shares<\/strong><\/span> (AIBD) will follow the performance of the Solactive US AI & Big Data Index. The index is designed to provide targeted exposure to companies at the forefront of driving innovation within the artificial intelligence and big data industries.<\/p>\n

The Solactive US AI & Big Data Index<\/strong> tracks the performance of 30 US-listed companies with significant business operations in AI applications and big data technologies. By leveraging Solactive\u2019s proprietary natural language processing system ARTIS\u00ae to screen public information such as company reports and financial news, key companies are identified according to their exposure to AI applications, big data analytics, natural language processing as well as AI-driven services.<\/p>\n

The ETFs listed on 15 May on the NYSE Stock Exchange with the ticker symbols \u201cAIBU and AIBD\u201d.<\/p>\n

Timo Pfeiffer, Chief Markets Officer at Solactive<\/strong><\/span>, commented<\/u>:\u00a0\u201cThis partnership with Direxion offers investors a unique opportunity to tap into the transformative power of AI and big data. With the Solactive US AI & Big Data Index at its core, investors can access the most innovative companies shaping the future of technology.\u201d<\/em><\/p>\n

\u201cAIBU and AIBD seek to capitalize on the relationship between AI and big data. We\u2019re launching these ETFs at a pivotal time, as AI and its capabilities are now well established, but innovation is ongoing. Multiples for these companies are high, and sustaining valuations will be key,\u201d said Direxion Managing Director and Head of Sales and Alternatives, Edward Egilinsky<\/u><\/strong><\/span>. \u201cThese ETFs offer traders a unique chance to express short-term convictions in the AI-big data sector.\u201d<\/em><\/p>\n

Source : ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"

Solactive AG : The artificial intelligence market is poised for continued growth, with the global AI market projected to reach US$106.50 billion in 2024 and increase to US$237.10 billion by 2030.<\/p>\n","protected":false},"author":4,"featured_media":60021,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"default","_twitter_share_type":"default","_linkedin_share_type":"default","_pinterest_share_type":"default","_linkedin_share_type_page":"","_instagram_share_type":"default","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":null,"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[24],"tags":[232],"class_list":["post-60001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indexen","tag-solactive"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/60001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/comments?post=60001"}],"version-history":[{"count":2,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/60001\/revisions"}],"predecessor-version":[{"id":60022,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/60001\/revisions\/60022"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media\/60021"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media?parent=60001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/categories?post=60001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/tags?post=60001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}