AI Asset Class Bears Up Against Covid-19 Crisis
42.cx, November 17th, 2020
The 42.cx Center of Excellence for Artificial Intelligence GmbH is the issuer of the AI-42 INDEX, that reflects the performance of the leading AI companies worldwide. During the COVID-19 crisis it turns out that the AI asset class is much more resistant against the global down trend than most other economic sectors. The AI-42 INDEX shows a growth of 39,05% since January 1st 2020. Compared to DJIA YTD (+1,68%) and S&P 500 YTD (+1,80%) during the same period it clearly demonstrates how AI companies outperform the market average. “We have proof that companies with strong AI technology are resilient to the crisis,” interprets Daniel Mattes, Founder and CEO of 42.cx, the index performance and market situation.
The AI-42 INDEX is an alpha weighted market index based on the market opportunities of the 42 greatest Artificial Intelligence public companies. Its weighting is determined by identifying companies with the highest level of AI competence using big data driven analytics and expert team reviews. Companies in the index are solely ranked by their AI strength. The quarterly rebalanced index was constructed in January 2017 and made an overall performance to date of +214,92%. The AI-42 INDEX is published on the Refinitiv network (Reuters RIC: .AI42)
Investing in the AI-42 INDEX
AI is a revolutionary technology with the potential for significantly transforming industries, services, labour and consumption. The strategy offers access to the AI space through direct investment in publicly listed firms globally, which are capitalizing on AI by enhancing, enabling, or engaging the technology. The research for the selection of companies in the index and the strategy is conducted by experts in the AI value chain and the technology market, ensuring the portfolio remains focused and relevant. Investors can participate in the growth of the rapidly growing AI-Asset class. More information can be found at https://42.cx/get-in-touch/