AINF arguably offers the purest exposure among the four ETFs looked at today, providing targeted access to the physical backbone of AI, spanning energy, data and materials infrastructure. This includes copper and uranium producers, utilities and engineering firms, effectively everything required to build and power the data centres underpinning AI’s global expansion. Only launched in April 2025, the AINF was the first ASX-listed fund targeting the physical buildout of AI, and it has delivered a strong ~20% return in 2026.
- The ETF provides targeted exposure to the backbone of AI’s global expansion, and in our view, AINF offers a more direct play on the AI buildout itself, rather than the increasingly crowded software layer.
The AINF ETF currently holds 31 stocks, with approximately 50% exposure to US-listed equities. The five largest positions are Delta Electronics Inc. (Taiwan: 2308) at 7.0%, GE Vernova Inc. (NYSE: GEV) at 6.2%, Vertiv Holdings Co. (NYSE: VRT) at 5.0%, Arista Networks Inc. (NYSE: ANET) at 4.9%, and Cameco Corp. (NYSE: CCJ) at 4.8%. We like the global reach of this targeted ETF for a cost of 0.57% p.a.
- We like this ETF moving forward, but from a risk/reward perspective, we would leave room to average into dips below $17.
MM is bullish towards the AINF below $18
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