Artificial Intelligence ETF - Global X ETFs - Australia

GXAI


Artificial Intelligence ETF

Reasons to Consider GXAI

High Growth Potential

The Artificial Intelligence market is projected to reach US$305.90bn in 2024 with an annual growth rate (CAGR 2024-2030) of 15.83%, resulting in a market volume of US$738.80bn by 2030.1

Rapid Commercialisation

AI is quickly expanding beyond data centers, enabling innovative commercial applications in diverse sectors, including Agriculture, Health Care, and beyond. Forecasts indicate that over 729mn individuals will use AI tools by 2030, up 254mn from 2023.2

Unconstrained Approach

Artificial intelligence spans multiple segments, and its most innovative companies include both household names and newcomers from around the world. GXAI invests accordingly and is unconstrained with respect to sector and geography.

1 Statista, Nov 2023.
2 Statista, Feb 2024.

Product Information As of 20 Jun 2024

Inception Date 8 Apr 2024
Management Costs (% p.a.) 0.57
Currency Hedged No
Domicile Australia
Legal Form Managed Investment Scheme
SMSF Eligible Yes

NAV Information As of 20 Jun 2024

NAV/Unit (A$) 10.44930000
Currency (NAV) AUD
Shares Outstanding 1,650,000
AUM (A$) 17,241,294.11
NAV History File View

Product Summary

The Global X Artificial Intelligence ETF (GXAI) seeks to invest in companies that potentially stand to benefit from the further development and utilisation of artificial intelligence (AI) technology in their products and services, as well as in companies that provide hardware facilitating the use of AI for the analysis of big data.

Product Objective

The Global X Artificial Intelligence ETF (GXAI) seeks to provide investors with a return that (before fees and expenses) tracks the performance of the Indxx Artificial Intelligence & Big Data Index.

Trading Details

Ticker GXAI
Bloomberg Code GXAI AU Equity
ISIN AU0000324113
Trading Hours 10:00AM – 4:00PM

Management & Administration

Issuer Global X Management (AUS) Limited
Custodian The Hongkong and Shanghai Banking Corporation Limited, Sydney Branch
Registrar Computershare Investor Services Pty Limited

Benchmark Information

Benchmark Indxx Artificial Intelligence & Big Data Index
Provider Indxx Inc
Ticker IAIQ

Distributions

Distribution Frequency Semi-Annually

Performance Table As of 20 Jun 2024

Total Return (Fund) Total Return (Benchmark) Tracking Difference Tracking Error
1 Month 3.60% 3.66% -0.07% 0.67%
3 Months -- -- -- --
1 Year -- -- -- --
3 Year p.a. -- -- -- --
5 Year p.a. -- -- -- --
10 Year p.a. -- -- -- --
Since Inception 4.49% 4.52% -0.03% 0.67%

Top Holdings As of 21 Jun 2024

Net Assets (%) Name SEDOL Market Price (Local) Shares Held Market Value (A$)
5.81 NVIDIA CORP 2379504 130.78 5,568 1,092,466
3.80 BROADCOM INC BDZ78H9 1,734.56 275 715,631
3.75 TENCENT BMMV2K8 387.60 9,672 720,674
3.75 QUALCOMM INC 2714923 215.47 2,183 705,680
3.70 NETFLIX INC 2857817 679.03 684 696,807
3.46 META PLATFORMS-A B7TL820 501.70 865 651,070
3.41 ORACLE CORP 2661568 142.91 2,991 641,278
3.20 ALPHABET INC-A BYVY8G0 176.30 2,276 601,994
3.19 AMAZON.COM INC 2000019 186.10 2,147 599,440
2.98 MICROSOFT CORP 2588173 445.70 839 561,012
2.87 APPLE INC 2046251 209.68 1,715 539,496
2.74 SAMSUNG ELECTRON 6771720 81,600.00 5,925 523,868
2.68 ALIBABA GRP-ADR BP41ZD1 74.35 4,525 504,739
2.66 IBM 2005973 173.92 1,921 501,238
2.61 SERVICENOW INC B80NXX8 734.31 445 490,238
2.48 MICRON TECH 2588184 144.19 2,156 466,392
2.41 CISCO SYSTEMS 2198163 46.72 6,468 453,357
2.34 ADOBE INC 2008154 522.95 560 439,355
2.33 SALESFORCE INC 2310525 241.80 1,210 438,944
2.31 TESLA INC B616C79 181.57 1,596 434,755
2.28 SIEMENS AG-REG 5727973 170.34 1,562 427,997
2.25 UBER TECHNOLOGIE BK6N347 70.30 4,010 422,929
2.20 ACCENTURE PLC-A B4BNMY3 306.16 900 413,388
1.88 SK HYNIX INC 6450267 237,500.00 1,412 363,363
1.67 INTEL CORP 2463247 30.62 6,849 314,630
1.45 SYNOPSYS INC 2867719 610.18 298 272,798
1.34 CADENCE DESIGN 2302232 318.53 529 252,798
1.29 MEITUAN-W BGJW376 119.90 11,017 253,934
1.20 SHOPIFY INC - A BXDZ9Z0 63.88 2,353 225,504
1.18 THOMSON REUTERS BNBXPB4 166.90 887 222,099
1.06 NXP SEMICONDUCTO B505PN7 264.68 504 200,133
0.79 SUPER MICRO COMP B1VQR35 917.64 108 148,683
0.76 INFINEON TECH 5889505 34.99 2,555 143,786
0.70 WORKDAY INC-A B8K6ZD1 214.59 409 131,674
0.69 FORTINET INC B5B2106 57.94 1,499 130,301
0.68 EXPERIAN PLC B19NLV4 37.16 1,800 127,293
0.67 TRADE DESK INC-A BD8FDD1 97.28 864 126,097
0.64 FUJIKURA LTD 6356707 3,120.00 4,152 122,435
0.64 WOLTERS KLUWER 5671519 154.85 481 119,812
0.56 GE HEALTHCARE TE BL6JPG8 79.44 886 105,594
0.55 DATADOG INC-A BKT9Y49 116.08 590 102,749
0.49 FUJITSU LTD 6356945 2,398.00 4,061 92,040
0.49 CELESTICA INC BMDLRD5 55.80 1,095 91,668
0.45 ROCKWELL AUTOMAT 2754060 260.52 217 84,814
0.43 HEWLETT PACKA BYVYWS0 21.48 2,534 81,660
0.43 EBAY INC 2293819 53.84 1,008 81,420
0.42 FANUC CORP 6356934 4,216.00 1,970 78,499
0.41 ZSCALER INC BZ00V34 178.58 288 77,160
0.39 BAIDU INC-SP ADR B0FXT17 88.81 553 73,681
0.34 NEC CORP 6640400 12,755.00 539 64,978
0.34 SEAGATE TECHNOLO BKVD2N4 102.62 410 63,122
0.33 SNAP INC - A BD8DJ71 15.39 2,709 62,548
0.33 HUBBELL INC BDFG6S3 380.07 108 61,582
0.32 PEGASYSTEMS INC 2675860 57.58 698 60,297
0.32 WIX.COM LTD BFZCHN7 157.89 254 60,167
0.32 RAKUTEN GROUP IN 6229597 825.30 7,576 59,094
0.31 VERINT SYSTEMS 2849193 34.47 1,140 58,954
0.31 ZEBRA TECH CORP 2989356 296.64 131 58,300
0.31 AMPLIFON SPA B14NJ71 34.39 1,044 57,753
0.30 SOCIONEXT INC BMTVX75 3,861.00 1,544 56,343
0.29 CYBERARK SOFTWAR BQT3XY6 256.56 144 55,427
0.28 ERICSSON LM-ADR 2031730 5.94 6,008 53,541
0.28 ADVANTECH 6202673 375.00 3,070 53,467
0.28 TOSHIBA TEC CORP 6894887 3,400.00 1,632 52,444
0.28 C3.AI INC-A BMGNBJ2 27.45 1,266 52,137
0.27 CCC INTELLIGENT BP4CXL8 11.25 3,035 51,225
0.27 OKTA INC BDFZSP1 86.52 393 51,012
0.27 INFORMATICA IN-A BMG95P4 30.03 1,114 50,189
0.26 ACER INC 6005850 47.95 22,058 49,122
0.26 AMBARELLA INC B7KH3G6 55.90 576 48,306
0.25 GLOBAL UNICHIP B056381 1,625.00 612 46,187
0.24 PROCORE TECHNOLO BLH11J8 63.56 468 44,627
0.24 SMARTSHEET INC-A BFZND98 41.24 720 44,547
0.23 GENPACT LTD B23DBK6 31.65 922 43,780
0.23 TIETOEVRY OYJ 5479702 18.14 1,460 42,602
0.22 DOCUSIGN INC BFYT7B7 52.20 540 42,289
0.21 DXC TECHNOLOGY C BYXD7B3 18.41 1,454 40,159
0.19 TWILIO INC - A BD6P5Q0 53.44 455 36,479
0.19 ALCHIP TECH B4TPSL0 2,775.00 280 36,086
0.19 TERADATA CORP B247H10 33.73 698 35,321
0.19 TEMENOS AG-REG 7147892 61.95 337 35,179
0.19 STONECO LTD-A BGKG6M3 11.95 1,957 35,085
0.15 VIASAT INC 2946243 13.27 1,387 27,613
0.13 UIPATH INC -CL A BMD02L5 11.37 1,420 24,222
Holdings are subject to change.

Sector Breakdown As of 21 Jun 2024

Sector Weight (%)
Information Technology 63.7
Communication Services 15.5
Consumer Discretionary 10.2
Industrials 9.1
Health Care 0.9
Financials 0.2
Other/Cash 0.4

Country Breakdown As of 21 Jun 2024

Country Weight (%)
United States 70.8
China 8.1
South Korea 4.6
Germany 3.0
Ireland 2.9
Canada 2.9
Japan 2.8
Netherlands 1.7
Taiwan 1.0
Israel 0.6
Italy 0.3
Other/Cash 1.3

Research

FAQs

  • What is artificial intelligence?

    The field of artificial intelligence (AI) refers to the design of computer systems that can automate tasks that would otherwise require human intelligence or intervention. Virtual assistants, navigational apps, content recommendation systems, and generative AI tools such as ChatGPT are all examples of AI in our daily lives.

    The opportunity for AI today lies in the application of machine learning and deep learning. These subsets of the technology focus on creating AI algorithms that seek to emulate the decision-making processes of a human brain. These algorithms are capable of ‘learning’ from data to make increasingly accurate predictions or classifications over time. This includes improvements in its ability to adapt to new situations, understand complex content, and engage in natural human-like interactions.

    ChatGPT and generative AI are the latest iterations of this technology. Generative AI models are capable of near instant generation of content based on a single prompt and have the potential to change how a huge portion of the economy operates. While the full scope of the impact is still unknown, it is likely to become a massive driver of growth for numerous industries as it develops.
  • Why invest in artificial intelligence?

    AI’s broad applicability represents a platform shift in the making, one that will have a broad impact on the adoption of technology across the economy. Roughly 56% of companies utilise AI in their operations today, but most have only engaged in limited implementation, representing a significant opportunity for entrenchment.1 In industries like healthcare, cybersecurity, manufacturing, and transportation for example, AI can improve service delivery, identify system weaknesses, personalise customer experiences, and foster new product development.

    Overall, AI could contribute up to US$16 trillion to global GDP in 2030 with roughly US$9 trillion originating from consumption side-effects and the other US$7 trillion coming from increased productivity and efficiency.2 For context, that would equate to almost 14% of global GDP, more than the combined growth of China and India today.3

    1 Compta. (February 29, 2024). Top Artificial Intelligence Statistics and Facts for 2024.
    2 Me, Myself an AI: What you need to know, and Medium. (August 31, 2023). The Socioeconomic Impact of AI: Bridging the Digital Divide and Empowering Communities.
    3 Ibid.
  • How are the companies in the index identified and weighted?

    GXAI seeks to track the Indxx Artificial Intelligence & Big Data Index which aims to capture the performance of companies that are positioned to benefit from the development and utilisation of AI technology in their products and services, as well as companies that produce hardware used in AI for the analysis of big data.

    Components are chosen based on both categorisation and exposures scores. Category 1 includes companies identified as ‘AI Developers’ and providers of ‘AI-as-a-service’. Category 2 includes companies identified as ‘AI Hardware’ and ‘Quantum Computing’. Companies are then scored by the extent of their AI exposure using a proprietary framework. The top 60 securities from Category 1 and the top 25 securities from Category 2 will be selected for the final security selection based on their exposure score. Each component of the index with an exposure score >20% is subject to a maximum weight of 3%, and components with exposure score <20% have a maximum weight of 1%.

    For more information on the index methodology, please visit https://www.indxx.com/indices/thematic-indices/indxx_artificial_intelligence_&_big_data_index
  • How does GXAI invest in artificial intelligence companies?

    GXAI is a full replication ETF which tracks the Indxx Artificial Intelligence & Big Data Index by holding all securities in the same weighting as the index. GXAI shares an index with the Nasdaq-listed Global X Artificial Intelligence & Technology ETF (AIQ), which is managed by the Global X team in New York. AIQ is one of the largest AI-focused thematic ETFs in the world with more than US$1.6 billion in assets under management as of March 2024.
  • What are the benefits of using an ETF to access artificial intelligence?

    An ETF allows diversified access to AI companies at a low cost and reduced risk compared to individual stock picking. For example, the Global X Artificial Intelligence ETF (ASX: GXAI) seeks to invest in the full value-chain of companies that stand to benefit from the increased adoption of AI technology, particularly those whose principal business is in the development and distribution of AI tools, hardware, and other autonomous systems.
  • How can you use GXAI in a portfolio?


    • As a satellite portfolio component to gain exposure to increasing AI demand and the long-term growth potential of the overall AI industry.

    • As a thematic tilt towards other megatrends such as digitalisation, internet of things (IoT), and automation.

    • As a complementary diversification tool for major technology stocks in the S&P 500 and Nasdaq 100.

    • To capture emerging AI opportunities without the risk of having to pick and identify prospective firms or startups within a technical and nascent industry.

Global X Management (AUS) Limited (“Global X”) (Australian Financial Services Licence Number 466778, ACN 150 433 828) is the product issuer. Offers of interests in any retail product will only be made in, or accompanied by, a Product Disclosure Statement (PDS). In respect of each retail product, Global X has prepared a target market determination (TMD). Each PDS and TMD is available at www.globalxetfs.com.au. The information on this website is general in nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information, you should consider the appropriateness of the information having regard to your objectives, financial situation or needs and consider seeking independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Any investment decision should only be made after obtaining and considering the relevant PDS and TMD. Investments in any product issued by Global X are subject to investment risk, including possible delays in repayment and loss of income and principal invested. The value or return of an investment will fluctuate and an investor may lose some or all of their investment. Past performance is not a reliable indicator of future performance.

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