Amplify ETFs Announces the Amplify Bloomberg AI Value Chain ETF (NYSE: AIVC)
21 October 2024 - 10:00PM
Amplify ETFs announces its newly appointed fund, the Amplify
Bloomberg AI Value Chain ETF (NYSE: AIVC). In an equal-weighted
index approach, AIVC invests in a global mix of semiconductor,
cloud/software and hardware companies that form the foundation of
artificial intelligence (AI) technologies through the Bloomberg AI
Value Chain Index.
According to forecasts, the global AI market is expected to grow
from $638 billion in 2024 to $3.6 trillion by 2034.1 This growth
will be driven by increased AI spending across the private sector,
government initiatives and individuals. AIVC is positioned to
capture these trends through its unique AI value chain focus.
AIVC uses an equal-weighted rules-based approach alongside
insights from Bloomberg Intelligence analysts to identify companies
that are essential to the AI ecosystem. Technologies like
generative AI, machine learning, natural language processing and AI
infrastructure all rely on semiconductors, hardware, and cloud
software systems to operate.
“AI is fundamentally reshaping industries worldwide and AIVC
provides investors with diverse exposure to companies that are the
backbone of this industry," said Christian Magoon, CEO of Amplify
ETFs. "Our new focus on AI and its value chain aligns this fund
with one of the most compelling growth themes of the next
decade."
AIVC tracks the Bloomberg AI Value Chain Index, which identifies
the top 45 companies integral to AI categorized into
semiconductors, hardware, and software/cloud systems. These sectors
are the backbone of the AI landscape, enabling the widespread
adoption of AI solutions globally. The index is powered by
Bloomberg Intelligence (BI) Research, a renowned group of 400+
research professionals across 21 markets. The BI team utilizes
proprietary research to evaluate data and trends for creating
thematic index baskets.
The announcement of AIVC is the result of name, fee and strategy
changes to the Amplify Global Cloud Technology ETF (IVES). No
action is required by current shareholders as a result of this
change. These changes were previously communicated via a supplement
to the IVES Summary Prospectus, Statutory Prospectus and Statement
of Additional Information (“SAI”), as published on August 15,
2024.
Investors can learn more about AIVC
at AmplifyETFs.com/AIVC.
About Amplify ETFsAmplify ETFs, sponsored by
Amplify Investments, has over $10 billion in assets across its
suite of ETFs (as of 10/11/2024). Amplify ETFs delivers expanded
investment opportunities for investors seeking growth, income, and
risk-managed strategies across a range of actively managed and
index-based ETFs.
Sales
Contact:Amplify ETFs855-267-3837info@amplifyetfs.com |
Media
Contacts:Gregory FCA for Amplify ETFsKerry
Davis610-228-2098amplifyetfs@gregoryfca.com |
1https://www.precedenceresearch.com/artificial-intelligence-market
Carefully consider the Fund’s investment objectives,
risks, charges, and expenses before investing. This and other
information can be found in the Fund’s statutory and summary
prospectuses, which may be obtained at AmplifyETFs.com. Read the
prospectus carefully before investing.
Investing involves risk, including the possible loss of
principal. There can be no assurance that the Fund’s investment
objectives will be achieved. Investments concentrated in
specific industries, sectors, markets, or asset classes may
underperform or experience greater volatility than the general
securities market.
Investments in artificial intelligence or cloud technology
companies are exposed to risks such as small markets, technological
obsolescence, and government regulation. These companies,
especially smaller ones, are more volatile and susceptible to
adverse events in specific regions or industries.
International investing entails risks related to foreign
currency, limited liquidity, less government regulation, and
potential volatility from political, economic, or other
developments, particularly in emerging markets and concentrated
investments in single countries.
Investment Adviser: Amplify Investments LLC; Sub-Adviser:
Penserra Capital Management LLC
Amplify ETFs are distributed by Foreside Fund Services, LLC.
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