Overview
- The ETF launched June 4 under the ticker IVES as Wedbush Fund Advisers’ first exchange-traded product.
- It tracks Dan Ives’s proprietary AI research, selecting 30 names spanning semiconductors, software, cybersecurity and robotics.
- The fund uses an active-insight approach within a passive structure and will update its holdings multiple times a year.
- It enters a US ETF market of over 4,200 offerings, including more than 25 that target artificial intelligence.
- Ives forecasts $2 trillion in AI spending over the next three years and believes his research edge will set the fund apart in a crowded landscape.