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INVESCO QQQ Trust (QQQ $637.40)
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GLOBAL X FDS (AIQ $52.72)
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CI Global Artificial Intelligence Fund (CIAI $34.75)
Q: Does QQQ provide sufficient exposure to AI and AI build out stocks ? If not, what are some ETFs that generally cover tech stocks as well as AI and AI build out ? Are any such ETFs listed on TSX ?
5i Research Answer:
QQQ s a 'general' tech fund but its holdings do cover a broad range of AI and buildout companies. We would consider it sufficient for tech exposure. However, if one wanted a purer play of AI exposure, we think AIQ would serve better. We would note though that QQQ still has better 3 and 5 year returns than AIQ. CIAI can be suggested for the TSX. It has a short history but has $1B in assets and a 60.8% one-year return.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in QQQ.