STOXX Launches AI Index Based On AI Algorithm: Portfolio Products

STOXX launched an index that uses artificial intelligence-related algorithms to select companies exposed to the AI megatrend. The STOXX AI Global Artificial Intelligence Index is made up of around 200 companies from a wide range of industries that invest heavily in the development of new AI technologies such as technology, telecommunications, finance and internet services. According to STOXX CEO Matteo Andreetto, "AI technologies present an unrivalled investment opportunity, yet investors need solutions to discern hype from a real opportunity." The new STOXX AI index selects its constituents by using artificial intelligence technology – which STOXX says is the first thematic index to do so. To develop the index STOXX partnered with Yewno, an AI company based in Silicon Valley, which applied its knowledge graph technology to assess companies' intellectual property (IP).