Trevor Williams/DigitalVision via Getty Images What if WisdomTree Artificial Intelligence and Innovation Fund ( WTAI ) had finally returned to acceptable valuations? A question that today more than ever I ask myself. In detail, my interest is directed in 2 directions: the fact that finally the geographic and infra-sector diversification of WTAI is rewarded by the market and that the expected valua...
Trevor Williams/DigitalVision via Getty Images What if WisdomTree Artificial Intelligence and Innovation Fund ( WTAI ) had finally returned to acceptable valuations? A question that today more than ever I ask myself. In detail, my interest is directed in 2 directions: the fact that finally the geographic and infra-sector diversification of WTAI is rewarded by the market and that the expected valuations have returned to acceptable. And if on one side my analytical mindset tells me, “Perfect, right?” … On the other hand, the discretionary one asks me, “But don’t you wonder why?” In fact, WTAI seems to have (at least from my calculations, therefore personal estimates) appealing valuations, and it is impossible that I am the only one to have noticed it. Before understanding why this “mass amnesia,” let me tell you … What is WTAI WTAI replicates the WisdomTree Artificial Intelligence & Innovation Index adopting an Equal weighting intra-category methodology, with an expense ratio of 0.45%, a median bid/ask spread of 0.13%, and coverage by a distribution of 1.75%. WTAI - Profile (Seeking Alpha) The strategy Inclusion in the index requires that the company generate at least 50% of revenues from activities attributable to artificial intelligence or innovation, have a market capitalization not lower than 100 million dollars, and have an ADV equal to or greater than 1 million dollars. Once included, the index applies concentration limits of 5% per single stock in order to contain the risk of dominance, as well as a rebalancing mechanism at 40% in the event that the total weight of the first 50 components exceeds 50%. Holding distribution The result is 59 stocks , where the top 10 are ~38% (therefore the holdings are well distributed compared to other tech based ETFs). WTAI - top 10 holdings (Seeking Alpha) On a geographic level, it remains a global ETF but is strongly US-centric. Over 75% is allocated in the USA, then about 8% in South Korea, and 3.5% in Japan (these are the m...
ATHVisions/E+ via Getty Images Portfolio Review Global stocks advanced in the fourth quarter. The U.S. government shutdown did not dramatically deter investors, even as it delayed or eliminated key government economic data. The Federal Reserve, reacting to weakness in the U.S. labor market, reduced its benchmark interest rate twice during the quarter. In the U.S., the economy continued expanding, ...
ATHVisions/E+ via Getty Images Portfolio Review Global stocks advanced in the fourth quarter. The U.S. government shutdown did not dramatically deter investors, even as it delayed or eliminated key government economic data. The Federal Reserve, reacting to weakness in the U.S. labor market, reduced its benchmark interest rate twice during the quarter. In the U.S., the economy continued expanding, but growth slowed somewhat as the quarter progressed. Non-U.S. developed markets outperformed the U.S. for the quarter. Purchasing managers’ indices indicated expansion in Europe, the U.K. and Japan. The Bank of Japan also raised its benchmark interest rate to the highest level in 30 years. Industrials dampened relative returns. Security selection and an overweight relative to the benchmark in the industrials sector, notably a position in Uber Technologies, detracted from returns compared with the benchmark. The ride-hailing and delivery company lagged as investors’ concerns over its autonomous vehicle investments and regulatory challenges in Europe sent the share price lower. A position in Techtronic Industries, a designer and manufacturer of power tools, also underperformed. Information technology hindered relative returns. Security selection in the information technology sector, among semiconductors in particular, detracted from returns compared with the benchmark. A position in chipmaker NVIDIA detracted amid market fears of an artificial intelligence bubble and potential competition from current customers. Having no exposure to Micron Technology and Apple also dampened relative results. Financials helped relative returns. Security selection and an overweight in the financials sector relative to the benchmark, with positions in Societe Generale and Barclays, contributed to returns compared with the benchmark. Shares of Societe Generale, the France-based investment bank, rose as the company announced a new additional share repurchase program of 1 billion euros. A recent ...
FeelPic/iStock via Getty Images Gold’s surge reflects a structural bull market driven by debt, currency debasement, and geopolitics, with pullbacks normal and ownership still low. Gold at Plaid Speed The gold bull market has reached Plaid Speed. It started at Light Speed: Gold moved from $2,000 in early 2024 to $3,000 by March 2025. Then came Ludicrous Speed: $4,000 by October. Next was Plaid Spee...
FeelPic/iStock via Getty Images Gold’s surge reflects a structural bull market driven by debt, currency debasement, and geopolitics, with pullbacks normal and ownership still low. Gold at Plaid Speed The gold bull market has reached Plaid Speed. It started at Light Speed: Gold moved from $2,000 in early 2024 to $3,000 by March 2025. Then came Ludicrous Speed: $4,000 by October. Next was Plaid Speed: $5,400 as we entered 2026. And that changes the conversation around gold. Gold’s Consistent Outperformance Source: Morningstar, as of 1/31/2026. Past performance is no guarantee of future results. Three Types of Gold Investors We tend to speak with three types of investors. The first group has loved gold for a long time. They have owned it for years. This is a small but passionate group that warned about runaway government spending well before it became fashionable. They feel vindicated. They are not surprised. The second group is newer to gold. They are not gold bugs. They simply recognize that the world has changed. Debt levels are extreme. Geopolitics matters again. Currency credibility can no longer be taken for granted. Gold now makes sense to them. The third group is the most difficult. These investors avoided gold for most of their careers. They believe gold is dead money. They would rather invest almost anywhere else. This group remains uncomfortable. And it is large. We will come back to them. Then It Happened After reaching new highs, gold prices pulled back sharply. Crocodile tears followed. This is usually the moment when investors lose perspective. Now is the time to look backward for context. This commentary is meant to serve as a roadmap for the gold bull market. This Is Not the First Gold Bull Market This is the third major gold bull market in modern times. The first occurred in the 1970s. The second unfolded in the 2000s. Those two bull markets delivered returns of roughly 500% and 600%, respectively. The current bull market, which began in 2022, has alr...
(RTTNews) - Asian stocks followed Wall Street lower on Friday as investors fretted over the impact of artificial intelligence on various sectors and looked to U.S. CPI data later in the day for clues on when the Federal Reserve might cut rates.
(RTTNews) - Asian stocks followed Wall Street lower on Friday as investors fretted over the impact of artificial intelligence on various sectors and looked to U.S. CPI data later in the day for clues on when the Federal Reserve might cut rates.
Chorus Aviation ( CHR:CA ) declares CAD 0.11/share quarterly dividend , 37.5% increase from prior dividend of CAD 0.08. Payable March 31; for shareholders of record March 13; ex-div March 13. See CHR:CA Dividend Scorecard, Yield Chart, & Dividend Growth. More on Chorus Aviation Chorus Aviation announces agreement to acquire Kadex Aero Supply Seeking Alpha’s Quant Rating on Chorus Aviation Historic...
Chorus Aviation ( CHR:CA ) declares CAD 0.11/share quarterly dividend , 37.5% increase from prior dividend of CAD 0.08. Payable March 31; for shareholders of record March 13; ex-div March 13. See CHR:CA Dividend Scorecard, Yield Chart, & Dividend Growth. More on Chorus Aviation Chorus Aviation announces agreement to acquire Kadex Aero Supply Seeking Alpha’s Quant Rating on Chorus Aviation Historical earnings data for Chorus Aviation Dividend scorecard for Chorus Aviation Financial information for Chorus Aviation
Pakistan drew the biggest monthly net foreign inflows into its sovereign bonds since June 2024, signaling improving investor sentiment for the market as its currency strengthens. Net inflows in January reached $176 million, compared with withdrawals of $50 million a year ago, according to central bank data compiled by Bloomberg. Short-term bonds with a duration of one year or less drew 85% of thes...
Pakistan drew the biggest monthly net foreign inflows into its sovereign bonds since June 2024, signaling improving investor sentiment for the market as its currency strengthens. Net inflows in January reached $176 million, compared with withdrawals of $50 million a year ago, according to central bank data compiled by Bloomberg. Short-term bonds with a duration of one year or less drew 85% of these flows. The shift comes as Pakistan’s rupee recovers from its July low and is on pace to rise against the dollar for an eighth month. The outlook for the economy is improving and foreign exchange reserves have increased to cover more than three months of imports, following a $7 billion loan from the International Monetary Fund in September 2024. A stable currency likely contributed to the inflows, said Mohammed Sohail , chief executive officer at Topline Securities Ltd . BMI, a unit of Fitch Solutions, expects that policymakers will keep the rupee stable at around 280 against a dollar this year. The currency was trading at 279.8 per dollar on Friday. Khurram Schehzad, an adviser to the finance minister of Pakistan, cited currency stability, improving external balances and policy continuity among factors driving the flows.
(Epitaph) Even after 35 years, the intricacies and emotional pangs of these masters of technicality remain undimmed, drawing from a seemingly bottomless well of inspiration Metalcore has become a diluted premise, associated more with bands that write processed, sing-along choruses than the mix of metal technicality and punk-rock fury it started as. Converge’s 2001 breakthrough Jane Doe remains the...
(Epitaph) Even after 35 years, the intricacies and emotional pangs of these masters of technicality remain undimmed, drawing from a seemingly bottomless well of inspiration Metalcore has become a diluted premise, associated more with bands that write processed, sing-along choruses than the mix of metal technicality and punk-rock fury it started as. Converge’s 2001 breakthrough Jane Doe remains the masterpiece of the genre’s pre-bastardisation days: vicious as a pit bull, yet played by men unafraid to test the limits, as evidenced by the tormented, 11-minute title track. The New Englanders have never rested on their laurels, either, with subsequent releases emphasising different shades of their trademark anarchy. The band’s 10th album and first in nine years (Chelsea Wolfe collaboration Bloodmoon: I not included), Love Is Not Enough condenses their carnage, intricacies and emotional pangs into their shortest-ever run time. Distract and Divide and To Feel Something are incensed and tightly arranged, as if Napalm Death and Slayer had joined forces to strangle you through the speakers. Continue reading...