"Lonit" Launches a new ETF specializing in data, energy and AI-related infrastructure
ABU DHABI, 6th November, 2018 (WAM) – Lunit, a global investment management firm headquartered in Abu Dhabi, today announced the launch of the Boreas Standard & Poor’s AI Data, Energy and Infrastructure EUCITS ETF (referred to as the “AI Data and Energy AI ETF”), adding the twentieth fund to its existing portfolio of ETFs and the second to its portfolio of specially themed Boreas ETFs.
“Lunit Capital Limited”, which is licensed by the Financial Services Regulatory Authority of the Abu Dhabi Global Market and a subsidiary of “Lunit Holdings Real Estate Limited”, will be the investment manager.
The fund represents an important addition to the company’s group of special funds, and gives new investors the opportunity to benefit from the trends and data that are expected to contribute to shaping the features of the economy in the future.
The ETF was developed and structured with the support of North Wind, Lunit Capital Limited’s exclusive advisor on ETF strategies.
The “Data and Energy Related Artificial Intelligence ETF” is the first fund compatible with the UCITS Collective Investment Undertaking System, which invests in infrastructure development companies, energy systems, and electricity networks, which are among the most important pillars of the growth of the artificial intelligence economy. The fund also provides promising investment prospects as the need for larger amounts of data, computing power, and electricity increases, and the demand for vital infrastructure for artificial intelligence accelerates at an unprecedented rate.
The new fund gives investors the ability to tap into the infrastructure potential driving the fast-growing AI economy, by investing in data centres, digital infrastructure, energy and electricity grids.
The new fund seeks to emulate the performance of the S&P Transatlantic AI-Related Data Center & Power Supply Infrastructure Index, and is scheduled to be listed on the Abu Dhabi Securities Exchange on November 25.
The fund’s portfolio will include 35 of the largest international companies that are distinguished by their ability to achieve the greatest economic value in the sector, and include “Oracle”, “NextEra Energy”, “Siemens”, “ABB”, and “Eaton Corp”.
Sherif Salem, Partner and Director of the Financial Markets Department at Lunit, said that the fund is the 20th in the company’s group of traded investment funds, and that it will play an important role in expanding the company’s list of products and keeping pace with the growing demand from investors searching for promising opportunities. It also supports the offering of innovative investment solutions and strengthening the company’s portfolio of special-themed funds.
For his part, Geir Espeskog, CEO of North Wind, said that expectations indicate the continued rapid growth of artificial intelligence, with the possibility of this technology playing a pivotal role in various economic sectors, stressing that artificial intelligence data centers are considered the factories of the digital age, as the volume of investment in artificial intelligence and energy infrastructure is expected to exceed $1 trillion annually by 2030, which will reflect positively on the growth of companies that build and operate the artificial intelligence economy.
In turn, Abdullah Salem Al Nuaimi, CEO of the Abu Dhabi Securities Exchange Group, said that the expected listing of the eighteenth ETF; The second of its kind in the category of specially traded investment funds, it embodies the Abu Dhabi Securities Exchange’s commitment to expanding the range of investment options and providing opportunities that are in line with investors’ needs, noting that this fund allows investment in sectors that lead the growth of artificial intelligence technologies, including the industrial, utilities, technology and real estate sectors, and includes leading international companies such as Google, Amazon, Oracle, ABB and Broadcom.
Investors can subscribe to the fund through six authorized delegates, in addition to the Abu Dhabi Securities Market’s electronic subscription platform “ADX eIPO” from November 10 to 14, 2025. The fund will be traded under the symbol “AIPOWR” on the Abu Dhabi Securities Market, with a total expense ratio of 49 basis points.
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