TL;DR:
- Roundhill Generative AI & Technology ETF (CHAT) has surpassed $100 million in assets under management (AUM).
- CHAT, launched in May 2023, has seen rapid growth driven by investor enthusiasm for exposure to generative artificial intelligence companies.
- The ETF has outperformed the S&P 500, delivering a return of 32.11% (NAV) and 32.39% (Market) since inception.
- Dave Mazza, Chief Strategy Officer at Roundhill Investments, highlights CHAT’s unique position as the only genuine generative AI ETF.
Main AI News:
Investments, a premier ETF sponsor specializing in innovative financial offerings, is excited to announce that the Roundhill Generative AI & Technology ETF has exceeded $100 million in assets under management (AUM).
Debuting in May 2023, CHAT has experienced rapid expansion fueled by substantial investor interest, highlighting robust inherent demand for involvement in generative artificial intelligence enterprises. As the pioneer and largest ETF honing in on enterprises leading the charge in generative AI, CHAT furnishes investors with a distinctive avenue to leverage the swiftly evolving artificial intelligence sphere.
Since its inception, the CHAT ETF has delivered a return of 32.11%1 (NAV) and 32.39% (Market), surpassing the performance of the S&P 500, which clocked in at 21.22%2. It stands as the top performer among all artificial intelligence ETFs listed in the U.S., delivering the highest total return.
“In under twelve months, CHAT has breached the $100 million asset mark as investors flock to enterprises spearheading one of the most transformative technologies in human history,” remarked Dave Mazza, Chief Strategy Officer at Roundhill Investments. “As the sole authentic generative AI ETF, we anticipate continued investor interest in CHAT for precise exposure to enterprises leading the generative AI charge.”
Conclusion:
The significant milestone achieved by Roundhill Generative AI ETF underscores the growing investor interest and confidence in the potential of generative artificial intelligence technologies. This demonstrates a burgeoning market for AI-focused investment vehicles, signaling opportunities for further innovation and growth in the sector.
