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New Delhi [India] September 14:<\/strong> Indxx, a provider of indexing solutions for exchange traded funds (ETFs), is pleased to announce the licensing of the\u00a0Indxx Artificial Intelligence Index<\/a>\u00a0to Global X ETFs Europe as the underlying benchmark for the Global X Artificial Intelligence UCITS ETF (AIQU), which began trading on the London Stock Exchange today.<\/p>\n The Indxx Artificial Intelligence Index provides exposure to companies listed or incorporated in developed markets that:<\/p>\n Rahul Sen Sharma, President, and Co-CEO at Indxx said, \u201cArtificial Intelligence is revolutionizing industries such as healthcare, finance, and education, driving substantial technological progress and enhancing human-machine collaboration.<\/p>\n This transformative shift is fuelled by a remarkable surge in investment. Q2 2024 marked the largest quarter for AI funding in recent years, with global funding for AI startups doubling quarter-over-quarter to $24 billion, representing 30% of all investments.1<\/sup>\u00a0In June 2024, Nvidia, a pivotal force in AI chip production, surpassed the $3 trillion market capitalization milestone.2<\/sup>\u00a0These figures demonstrate the extraordinary potential and rapid expansion of the AI sector. Recognizing this massive potential, major tech leaders, including Meta, Amazon, Alphabet, and Microsoft, along with venture capital firms, are also increasingly investing in the Artificial Intelligence market. We are excited to partner with Global X ETFs Europe to introduce this revolutionary strategy to the European market.\u201d<\/p>\n Vaibhav Agarwal, Chief Product Officer at Indxx added, \u201cThe Indxx Artificial Intelligence Index is designed to provide a comprehensive exposure\u00a0to the Artificial Intelligence industry. By including Artificial Intelligence Developers and Artificial Intelligence-as-a Service Providers\u00a0as well as companies offering\u00a0Artificial Intelligence Hardware and Quantum Computing,\u00a0it captures key themes in the AI\u00a0ecosystem.\u00a0The Index leverages an exposure score framework to effectively identify leading players in the Artificial Intelligence market, thus offering\u00a0a targeted exposure of the underlying theme.\u201d<\/p>\n \u201cWe are dedicated to providing our investors with access to the most relevant and innovative investment themes,\u201d said Rob Oliver, Head of Global X ETFs Europe.<\/p>\n \u201cThe launch of our Artificial Intelligence (AI) UCITS ETF underscores our commitment to expanding our brand in Europe and empowering investors to capitalise on sectors that are vital to the future of our continent. By focusing on AI, we are offering strong growth potential while supporting Europe\u2019s strategic priorities for technological advancement.\u201d<\/p>\n As of September 12, 2024, the index has 84 constituents. The index has been backtested to January 31, 2014, and has a live calculation date of May 28, 2024. For additional information, please see\u00a0here<\/a>.<\/p>\n About Indxx<\/strong><\/p>\n Founded in 2005, Indxx aims to deliver innovative and custom indexing and calculation solutions to the investment management community at large.<\/p>\n Indxx and products tracking its indices have been nominated for and received numerous awards, including \u2018Index Provider of the Year\u2019 at the With Intelligence Mutual Fund & ETF Awards 2022 & 2023, \u2018Best Index Provider \u2013 Emerging Markets ETFs\u2019 at the ETF Express US Awards in October 2020, and \u2018Most Innovative ETF Index Provider\u2019 for the Americas at the 14th Annual Global ETF Awards in July 2018.<\/p>\n\n