Asset Management

AllianzGI, DWS ride tech wave as AI fund assets swell to record high

European asset managers oversee the world’s largest AI and big data funds

The launch of ChatGPT in November 2022 has fuelled investor interest in funds offering exposure to AI
The launch of ChatGPT in November 2022 has fuelled investor interest in funds offering exposure to AI Photo: Nikolas Kokovlis via Getty Images

Allianz Global Investors and DWS are among a cohort of European asset managers that have benefited from growing investor interest in AI and tech stocks.

Data from Morningstar shows assets overseen by AI and big data funds reached a record $40bn globally at the end of the first quarter, representing a more than seven-fold increase over the past five years.

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