BlackRock unveils new funds focused on AI growth

Two new ETFs from BlackRock target the booming AI market, focusing on tech companies in sectors like semiconductors and software.
BlackRock has launched the iShares Bitcoin ETP in Europe, marking its first crypto-linked ETP outside North America.

BlackRock, the world’s largest asset manager, has launched two new exchange-traded funds (ETFs) to provide investors with exposure to the rapidly growing market for AI. AI is predicted to have widespread applications across industries, and BlackRock sees it as a major force driving long-term investment opportunities.

The iShares A.I. Innovation and Tech Active ETF will focus on global AI and technology stocks, while the iShares Technology Opportunities Active ETF will invest in tech companies across various sectors, including semiconductors, software, and hardware. Both funds are designed to help investors capitalise on the increasing integration of AI into different industries.

Despite mixed demand for thematic ETFs recently, BlackRock‘s move reflects its confidence in AI’s potential. The company continues to believe AI will shape the future of industries from technology to financial services, offering unique investment opportunities.

Earlier this month, BlackRock reported record-high assets under management, boosted by a strong US stock market rally, further highlighting its successful strategy in the investment market.