Dan Ives’ AI ETF Hits $1B in Assets Just Five Months After Launch

Core Insights - The Dan Ives Wedbush AI Revolution ETF (IVES) has surpassed $1 billion in assets under management within five months of its launch, indicating strong investor interest in artificial intelligence [1] - The ETF has achieved a performance gain of 38% since inception, significantly outperforming other major funds like the Invesco QQQ Trust (QQQ) which rose by 20% [2] - IVES operates similarly to an actively managed ETF, tracking the Solactive Wedbush Artificial Intelligence Index, which is based on a proprietary report identifying 30 leading AI companies [3] Fund Performance - Since its launch, IVES has attracted over $665 million in net inflows, reflecting robust demand from investors [1] - The ETF's performance of 38% since inception is nearly double that of the QQQ and higher than the Technology Select Sector SPDR Fund (XLK) at 28.7% and the Vanguard S&P 500 ETF (VOO) at 15.5% [2] Investment Strategy - The ETF's holdings encompass the entire AI supply chain, including major players in chips and semiconductors like Nvidia, AMD, and Taiwan Semiconductor, as well as companies like Palantir and Tesla that integrate AI into various products [4] - Holdings are weighted between 1.3% and 5.1%, with significant AI companies positioned towards the higher end of this range [5] Market Influence - Dan Ives, the Managing Director at Wedbush, has a high media profile and positive outlook on AI, contributing to the ETF's rapid growth and popularity among retail investors [5]