Latest news with #ARTY
Yahoo
3 days ago
- Business
- Yahoo
Wedbush and Dan Ives Launch AI Revolution ETF
Tech analyst Dan Ives believes he has identified the most important companies driving artificial intelligence innovation today. He and Wedbush Fund Advisors launched the firm's inaugural ETF Wednesday — the Dan Ives Wedbush AI Revolution ETF (IVES). The fund, based on Ives' proprietary research, targets companies leading the charge in robotics, semiconductor chips, retail products, and of course, AI. It's the old California gold rush 'picks and shovels' strategy. 'AI isn't just about the Mag 7,' Ives told Advisor Upside. 'It's the software, the consumer, the infrastructure, the cybersecurity players.' The fund had net assets of more than $26 million as of Wednesday, an expense ratio of 0.75%, and a net asset value of $25.35. AI is likely going to be as monumental as the printing press or the internet, but do advisors have much enthusiasm for products that specifically target the sector? READ ALSO: There's Almost 600K More Millionaires. That's Not Necessarily a Good Thing and Goldman, Morgan Stanley, JPMorgan Layoffs to Hit Northeast There are plenty of AI-focused ETFs already, including Global X Artificial Intelligence & Technology ETF (AIQ), Defiance Quantum ETF (QTUM), and iShares Future AI & Tech ETF (ARTY) which collectively hold more than $5.5 billion in assets, according to data compiled by Morningstar Direct. As of the end of May, AI and robotics ETFs in the US alone have taken in nearly $1.3 billion. However, many of those funds also include holdings that aren't AI-specific. For example, ARTY has plenty of exposure to multiple foreign currencies. IVES, on the other hand, is more limited: It's made up of just 30 holdings, including all of the Mag 7. It also has a few names clients may not be aware of, like cybersecurity firm Zscaler, software-maker Pegasystems, and nuclear power company Oklo. 'Investors miss a core part of the theme by not playing the second and third derivatives,' Ives said. Wedbush Funds CIO Cullen Rogers added that the fund allows large-cap leaders like Nvidia and Microsoft to carry influence without overpowering the portfolio, and it gives smaller names 'a seat at the table.' Making Waves? Though AI is being viewed as the fourth industrial revolution and has been responsible for major investor returns of late, AI ETFs — and thematics in general — are a tough sell for advisors, said Bryan Armour, director of ETF & passive strategies research at Morningstar. 'Investors, and advisors alike, got burned by thematic ETFs in 2022, so they've failed to generate as much interest since then,' he told Advisor Upside. Plus, clients already have significant exposure to AI companies when they invest in the S&P 500 or Nasdaq. 'We have definitely seen how advisors have been putting some of the legacy AI thematic ETFs to work in client portfolios, but we've also seen advisors start to realize that most 'AI' ETFs are little more than the MAG 7 with high fees,' said Adam Patti, CEO of VistaShares. This post first appeared on The Daily Upside. To receive financial advisor news, market insights, and practice management essentials, subscribe to our free Advisor Upside newsletter. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Extra.ie
3 days ago
- Entertainment
- Extra.ie
Arthur Gourounlian opens up on 'eye-opening' weight loss journey
Arthur Gourounlian has taken to Instagram to share his impressive weight loss progress, revealing that he's lost 4.3 kilos since starting his fitness journey. The Dancing With The Stars judge embarked on a 28-day fitness transformation, and his results are undeniable. Arthur has been clear that his weight loss journey isn't about vanity or appearance. Instead, he's focused on improving his overall health and well-being. Arthur Gourounlian has taken to Instagram to share his impressive weight loss progress, revealing that he's lost 4.3 kilos since starting his fitness Brian McEvoy Photography The TV star has spoken openly about wanting to feel stronger, more energised, and more confident in his own skin—goals that go far beyond just looks. 'I can't believe it! After just 28 days of being consistent, working out (in total only four hours!), and staying mindful, I've lost 4.3 kilos of body fat — and I feel absolutely incredible,' the post began, alongside two progress images from the month. 'It just goes to show: when you put your mind to something, you really can do it. This journey has been eye-opening, and I'm proud to say this is the start of a new chapter — a new me. A new Arthur Gourounlian with a pinch of old ARTY still in there. Arthur went on to share his top tips from the past month, adding: 'One of the biggest lessons I've learned over these 28 days is that moderation is key. You don't have to give up everything — it's about balance, self-care, and making choices that serve your well-being. I'm not giving up all the foods I love, but choosing to be better. And honestly, I've loved every single minute of it. 'Let's be clear — I didn't do this to chase a six-pack or become the next muscle-bound superhero. I did this to feel lean, to be healthy, and to move forward in life with clarity, purpose, and love — especially for my little family. 'Here's to progress, not perfection. Here's to health, balance, and being the best version of myself. LET'S DO THIS, you gorgeous people,' the post concluded. The Dancing With The Stars judge embarked on a 28-day fitness transformation and his results are undeniable. Pic: Brian McEvoy Photography Fans and famous friends of the star were quick to take to the comments to congratulate him on his new venture. 'Unreal! Great job,' DWTS host Jennifer Zamparelli wrote. 'Well done Arthur, keep her lit,' Roseanna Ruanne shared. 'Well done Arthur… you will need those suits taken in !,' the style doc, David O'Connor penned. Congrats Arthur, looking fabulous!
