First Trust Bloomberg Artificial Intelligence ETF

FAI

Market cap $96.3M

Today, First Trust bolstered its expansive ETF library with the release of the First Trust Bloomberg Artificial Intelligence ETF (FAI). FAI has a net expense ratio of 65 basis points.

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“First Trust”), a leading exchange-traded fund (“ETF”) provider and asset manager, announced today that it has launched a new ETF, the First Trust Bloomberg Artificial Intelligence ETF (NYSE Arca: FAI) (the “fund”). The fund seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Bloomberg Artificial Intelligence Index (the “index”). “We're proud to work clos.