SoFi Enters the AI ETF Competition with New Filing for an Agentic AI Fund
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
SoFi's New ETF Launch: SoFi is set to introduce a new artificial intelligence exchange-traded fund (ETF) called the SoFi Agentic AI ETF, which will trade under the ticker AGIQ.
Investment Strategy: The ETF will be passively managed with an annual operating expense of 0.69%, focusing on companies that generate at least 30% of their revenue from agentic AI technologies.
Diverse Exposure: The fund will encompass various sub-themes related to agentic AI, including autonomous agents, AI cybersecurity, self-driving technologies, and robotics, among others.
Market Competition: If approved, AGIQ will join a competitive market of existing AI-focused ETFs, providing targeted investment opportunities in the rapidly evolving AI sector.
Analyst Views on AIQ
Wall Street analysts forecast AIQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AIQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 52.450
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Current: 52.450
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
