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ISTOXX INDICES

iSTOXX AI Global Artificial Intelligence 100

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Index Description

The iSTOXX AI Global Artificial Intelligence 100 Index allows a targeted investment in 100 companies from a wide range of industries that invest heavily in the development of new AI technologies. These companies are therefore considered to be well-positioned to benefit from the increased adoption of AI technologies. STOXX teamed up with an award-winning AI company, Yewno, whose proprietary AI algorithms, which include knowledge graph techniques, are used to identify the index constituents from the universe of the STOXX Developed and Emerging Markets Total Market Index. The key criterion used in the selection process is patent filings related to AI IP, thereby identifying AI innovators as well as AI adopters. The index is equal-weighted and sets a minimum liquidity threshold to EUR 5 million.

Key facts

  • Index allows targeted investment in AI, a significant megatrend.
  • Unique selection process based on an artificial intelligence algorithm developed by Yewno Inc. to identify companies which invest heavily in AI technology, i.e. own a significant amount of AI related IP.
  • Liquidity filters ensure replicability.

Descriptive Statistics

Index Market Cap (USD bn) Components (USD bn) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
iSTOXX AI Global Artificial Intelligence 100 N/A 100.0 2.0 2.0 3.4 0.5 3.4 0.5 27.2
STOXX Developed and Emerging Markets Total Market 78,471.0 66,380.7 6.0 0.6 2,513.4 0.0 3.8 0.0 2.6

Supersector weighting (top 10)

Created with Highcharts 9.3.3Chart title70.3% Technology13% Telecommunications6.7% Real Estate4.8% Industrial Goods and Services4.2% Health Care1% Automobiles and PartsHighcharts.com

Country weighting

Created with Highcharts 9.3.3Chart title52.8% USA27.1% Taiwan7.8% South Korea3.7% Japan2% Australia1.9% Italy1.8% China1.6% Spain1.5% SwedenHighcharts.com

Risk and return figures1

Index returns Return (%) Annualized return (%)
Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y
iSTOXX AI Global Artificial Intelligence 100 -4.3 13.6 14.1 24.7 72.1 N/A N/A 14.2 7.7 11.6
STOXX Developed and Emerging Markets Total Market -3.3 6.6 10.0 24.2 44.8 N/A N/A 10.1 7.6 7.8
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
iSTOXX AI Global Artificial Intelligence 100 N/A N/A 19.0 19.7 21.6 N/A N/A 0.5 0.3 0.5
STOXX Developed and Emerging Markets Total Market N/A N/A 13.0 14.7 17.6 N/A N/A 0.5 0.4 0.4
Index to benchmark Correlation Tracking error (%)
iSTOXX AI Global Artificial Intelligence 100 0.8 0.9 0.9 0.9 0.9 11.8 9.6 9.3 8.0 7.4
Index to benchmark Beta Annualized information ratio
iSTOXX AI Global Artificial Intelligence 100 1.1 1.3 1.3 1.2 1.2 -1.1 0.8 0.5 0.1 0.5

1For information on data calculation, please refer to STOXX calculation reference guide

2Based on EURIBOR1M

(USD, Gross Return), all data as of October 31, 2023

ISTOXX INDICES

iSTOXX AI Global Artificial Intelligence 100

Fundamentals

Index Price/earnings incl. negative Price/earnings excl. negative Price/book Dividend yield (%)3 Price/sales Price/cash flow
Trailing Projected Trailing Projected Trailing Trailing Trailing
iSTOXX AI Global Artificial Intelligence 100 -188.6 75.8 17.7 22.8 2.9 1.9 2.2 394.0
STOXX Developed and Emerging Markets Total Market -1.0 13.9 14.0 13.3 0.1 2.4 1.3 6.2

Performance and annual returns

Created with Highcharts 9.3.3Chart titleiSTOXX AI Global Artificial Intelligence 10020142015201620172018201920202021202220230100200300400500600Highcharts.com
Created with Highcharts 9.3.3Chart titleiSTOXX AI Global Artificial Intelligence 100STOXX Developed and Emerging Markets Total Market20162017201820192020202120222023-40-2002040Highcharts.com

Methodology

The parent index of the iSTOXX AI Global Artificial Intelligence 100 Index is the STOXX Developed and Emerging Markets Total Market Index.

Companies are included in the index if they own significant AI-related intellectual property (IP), i.e. if they have been granted a significant number of AI-related patents. At first, companies from the parent index with no positive AI Exposure and AI Contribution are excluded. In case there are companies with multiple share lines, only the largest one in terms of free-float market cap is considered. Then, the median values of the AI Exposure and the AI Contribution are calculated. Only companies having in both the Ai Exposure and Ai Contribution values equal or greater than the respective median are eligible for selection. Finally, a liquidity filter is applied and the largest 100 of the remaining companies, in terms of free-float market cap, are selected.

The index is equally weighted and its composition is reviewed quarterly.

The detailed methodology including the calculation formula can be found in our rulebooks: www.stoxx.com/rulebook

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Price EUR CH0560721539 IXAGAIP .IXAGAIP
Gross Return USD CH0560721521 IXAGAIGV .IXAGAIGV
Net Return USD CH0560721505 IXAGAIV .IXAGAIV
Price USD CH0560721489 IXAGAIL .IXAGAIL
Gross Return EUR CH0560721497 IXAGAIGR .IXAGAIGR
Net Return EUR CH0560721513 IXAGAIR .IXAGAIR

Quick Facts

Weighting Equal
Cap Factor None
No. of components 100
Review frequency Quarterly
Calculation/distribution dayend
Calculation hours 22:15:00 22:15:00
Base value/base date 100 as of Mar. 18, 2013
History Available daily as of March 18 2013
Inception date Aug. 05, 2020
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet.

Top 10 Components4

Company Supersector Country Weight
ALCHIP TECHNOLOGIES Technology Taiwan 3.437%
SPLUNK Technology USA 3.206%
MICROSTRATEGY Technology USA 3.134%
Wistron Neweb Telecommunications Taiwan 2.893%
VIA TECHNOLOGIES Technology Taiwan 2.866%
WIWYNN CORPORATION Technology Taiwan 2.723%
PINTEREST A Technology USA 2.688%
ZYXEL GROUP Telecommunications Taiwan 2.687%
Digital Realty Trust Inc. Real Estate USA 2.562%
Intel Corp. Technology USA 2.470%

3Net dividend yield is calculated as net return index return minus price index return

4Based on the composition as of October 31, 2023

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.