Morningstar has launched the new GenAI 20 Index, focusing on private tech giants like Anthropic and Databricks, aiming to bridge the gap between private and public markets. The index excludes hardware companies like Nvidia and Taiwan Semiconductor, focusing on AI models and software. The fund will use PitchBook’s mark-to-market data for private companies, updating values daily. This move highlights the evolving landscape of AI investing and could lead to new ETF opportunities leveraging this innovative index in the near future.

Read more at Barchart: Morningstar’s New Generative AI Index Could Unlock Opportunities in OpenAI and Anthropic for Everyday ETF Investors