Wedbush Securities’ analyst Dan Ives launched his artificial intelligence ETF earlier this month and it’s already attracting a lot of interest, attracting more than $182 million in assets already, with $100mn in the first five days.

It seeks to capitalise on the boom in AI by investing in companies leading the transformation.

Microsoft, Nvidia and Broadcom are the top three holdings, but it also includes the likes of Oracle, Palantir, IBM, Saleforce and smaller tech names like SoundHound and Innodata. In all, the fund has 30 assets, with Tesla, Taiwan Semiconductor, Meta Platforms, Alphabet, Apple and Amazon also featuring in a bet on Magnificent 7 strength continuing.

The ETF has an expense ratio of 0.75% - higher than the 0.2% charged for the broader QQQ, but similar to other thematic funds.

It’s far from the only AI-inspired funds though - here’s 4 more ETFs to offer diversified AI exposure

L&G Artificial Intelligence UCITS ETF

The ETF seeks to provide exposure to the global artificial intelligence technology industry by tracking the performance of the ROBO Global Artificial Intelligence Index. Top holdings include Nebius Group, Tempus AI, Cloudflare, CrowdStrike and Nvidia.

Global X Robotics & Artificial Intelligence ETF

Established in 2016, this ETF seeks to invest in "companies that potentially stand to benefit from increased adoption and utilization of robotics and artificial intelligence.” It is almost 50% US, with a heavy weighting towards Japan at approximately 30%. 

Chip giant Nvidia is the top holding, making up around 10% of the fund, with the next largest holdings ABB Ltd, a Swiss manufacturer of industrial automation and robotics products; and Keyence Corp, a Japanese firm that makes factory automation products like sensors.

ROBO Global Robotics and Automation Index ETF

This fund invests in companies driving "transformative innovations in robotics, automation, and artificial intelligence." It’s highly diversified with no single stock accounting for much more than 2% of the fund, though again it’s predominantly focused on the US (45%) and Japan (20%). Top holdings include Rockwell Automation, Yokogawa Electric Corp and Celestica. 

iShares Future AI & Tech ETF

This heavily US-focused fund aims to track the investment results of the Morningstar Global Artificial Intelligence Select IndexSM. Top holdings include Broadcom, Nvidia, Vertiv Holdings, AMD, Aristra Networks and Palantir.