Sands Capital Files AI ETF Targeting Enablers, Builders and Beneficiaries

Sands Capital Management has filed for the Sands Capital AI ETF, an actively managed fund that will invest at least 80% of assets in companies where AI is considered a material driver of long-term value creation. The strategy divides opportunities into three groups: enablers providing infrastructure such as semiconductors, cloud, data and energy; builders developing AI technologies and applications; and beneficiaries using AI to improve growth, efficiency or competitive positioning. Sands will apply its existing six-part fundamental growth framework and expects to hold roughly 25 to 50 U.S. and international companies across developed and emerging markets. The fund will concentrate more than 25% of assets in technology industries and is initially expected to have significant semiconductor and semiconductor equipment exposure.