Objective
The investment objective of the Fund is to provide investment results that closely correspond, before fees and expenses, generally to the price and yield performance of the Indxx Artificial Intelligence Index (the “Index”). The Fund is passively managed. The Fund will aim to achieve its investment objective by attempting to replicate the performance of the Index by investing primarily in a portfolio of equity securities that as far as possible and practicable consists of the component securities of the Index in similar proportions to their weightings in the Index and in American depositary receipts (“ADRs”) and global depositary receipts (“GDRs”) based on the securities in the Index. The Index aims to provide exposure to exchange-listed companies in developed markets that are positioned to benefit from the further development and utilisation of Artificial intelligence (“AI”) technology in their products and services, as well as to companies that provide hardware which facilitates the use of AI for the analysis of big data (collectively, “AI & Big Data Companies”) as defined by Indxx, LLC, the provider of the Index. AI means the simulation of human intelligence processes by machines such as computer systems. To the extent the Fund intends to gain exposure to China, specifically A-Shares, it shall do so through the Stock Connect Programmes, as described under the heading in the Prospectus entitled “China A-Shares Risk” and “Risks Related to Stock Connect Programs”. When not possible or practicable to continue to hold all of the component securities of the Index, the Fund may invest in depositary receipts relating either to components securities of the Index or to equity securities of the type referred to above; and financial derivative instruments (“FDIs”), namely, total return “unfunded” OTC swaps and exchange-traded equity futures for investment purposes. The Fund may enter into securities lending transactions, investing in repurchase and reverse repurchase transactions and certain collective investment schemes, for the purposes of efficient portfolio management only. The Fund’s base currency is USD.
- Leverage100
- Currency hedgingNo