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European investors cite artificial intelligence as 'most compelling' thematic trend

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European investors have said artificial intelligence (AI) is the most compelling long-term thematic opportunity, according to a survey conducted by CoreData Research. The survey, which was commissioned by WisdomTree and interviewed 440 European investors with approximately €240bn AUM, found 71.4% of respondents highlighted AI as the best thematic opportunity while 59.8% said biotech and 46.6% pointed to cyber security. There are four AI ETFs available on the European market with the largest being the $187m WisdomTree Artificial Intelligence UCITS ETF (WTAI). The $168m Amundi STOXX Global Artificial Intelligence UCITS ETF (GOAI) tracks an index from Stoxx while the $158m L&G Artificial Intelligence UCITS ETF (AIAI) offers exposure to a ROBO Global index and the final strategy offers exposure to big data as well as AI, the $104m Xtrackers Artificial Intelligence & Big Data UCITS ETF (XAIX). AI is in its early stages of adoption and application with investors highlighting the technology to transform industries, services, labour and consumption.