The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

Andova AI
Andova AI, a Dublin-based investment platform behind the Andova AI, Quantum & Frontier Tech exchange-traded product (ETP), has launched its AI supply chain strategy across the UK and Europe.

This follows the ETP’s initial listing on the London Stock Exchange in April.

Listed under ticker ANDO, the ETP uses AI-driven stock selection alongside human oversight and risk controls. The strategy is designed to identify public companies positioned across the infrastructure and technologies supporting the next stage of AI adoption, Andova said in a statement this week.

The launch comes as investment in AI infrastructure continues to rise. Morgan Stanley has predicted that hyperscaler capital expenditure could reach $300 billion in 2025, while around $1 trillion is expected to be spent over the coming years on data centres, semiconductors, grid upgrades and other AI infrastructure.

“A lot of investors still think about AI through Nvidia. That made sense in the first phase of the market, but it is no longer the whole story,” Raul Moreno, co-founder of Andova AI, said, referring to the US-listed silicon chip giant.

“The AI buildout now runs through hyperscalers, neoclouds, memory, networking, power, quantum computing and the companies applying AI inside major industries. The difficult part is working out which parts of that chain are becoming more important as demand moves. That is what Andova AI was built to do,” he said. 

Juan David Nunez, co-founder of Andova AI, added: “SpaceX’s Nasdaq debut shows how quickly the AI opportunity set is moving beyond traditional semiconductor exposure. A static index can only follow that market through its rules, often after the opportunity set has already changed. ANDO’s mandate is the broader AI supply chain, so we can take a view across those layers as they evolve.”