Growth comes despite wider downturn in demand for trend-based investing
Artificial intelligence-focused and big data funds represented more than half of inflows into European thematic exchange traded funds this year, according to data from Morningstar.
“This new enthusiasm for what is a relatively mature theme is reflected in the considerable net inflows into thematic ETFs this year,” he said. “Few would argue that generative AI is likely to transform our lives to one degree or another, but exactly who the true winners of this change will be remains far from certain.”
“It is likely these themes benefited from the rise of generative AI and associated tailwinds,” the report said. “High growth stocks, which are sensitive to interest rate rises, constituted a number of key holdings [in thematic ETFs],” Williams said. “Underlying everything, however, was the simultaneous 2021 surge in ESG buying, which boosted both explicit ESG and non-explicit ESG themes, thanks to the strong overlap between responsible investing and thematic outlooks,” he said.
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