Artificial intelligence-focused and big data funds represented more than half of inflows into European thematic exchange traded funds this year, according to data from Morningstar.
The category attracted net inflows of €510mn in the six months to the end of June, after posting €60mn in outflows last year. The inflows represent 53 per cent of the €960mn brought in by all thematic ETFs in Europe.
The growing interest in AI has also been seen in open-ended mutual funds, albeit to a lesser extent, with the AI and big data theme the third best-selling with €220m of inflows.
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