Smart-beta equity ETFs — which typically offer long-only versions of factors — posted outflows of about $4.8 billion in January, the largest monthly exit in four years.
The Conversational AI, AI and Innovation ETF (CHAT) will seek to invest in global stocks that are primarily connected with artificial intelligence, with an emphasis on “conversational” AI and innovation.
While the ARK Innovation ETF (ARKK), has jumped 42% this year — more than twice as much as the Nasdaq 100 — the fund is still down more than 70% from its peak two years ago.