BAI: Active Management Of Stocks Across The AI Stack
The iShares A.I. Innovation and Tech Active ETF (BAI) by BlackRock, Inc. was listed in October 2024 with an AUM of $13.53 billion and focuses on actively managed stocks across the AI stack. BAI's portfolio is heavily weighted in the IT sector, particularly semiconductors, and has a high beta and volatility.
BlackRock, Inc.'s iShares A.I. Innovation and Tech Active ETF (BAI) was listed in October 2024 and has $13.53 billion in assets under management. BAI is actively managed by Tony Kim and Reid Menge, who use a fundamental approach to select 43 global stocks involved in AI innovation. The ETF's portfolio is 83% IT sector, with a significant focus on semiconductors. BAI has a high beta of 2.4x and annualized volatility of over 30%. The ETF is US-centric, with almost two-thirds of its portfolio domiciled in the US. BAI may be suitable as a satellite holding for those seeking actively managed AI exposure.
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