Ben Laidler, Global Markets Strategist at eToro, said: “The UAE has taken a significant further step in establishing the country as a leader in the adoption of artificial intelligence technologies. With its own minister for artificial intelligence (AI) setting out a long-term vision as an AI hub at the country’s inaugural retreat in front of 2,500 investors and officials.
“Data from eToro shows this is fertile ground in a country with a young and digitally native population already among the early AI adopters. Our latest retail investor survey showed 71% of UAE investors own AI-related stocks. Whilst a majority are open to it helping manage their investments, showing their high levels of trust and engagement.
“AI momentum is clear, both in eToro and the wider local economy. With AI-leader NVIDIA the 5th most owned stock on the platform in the UAE, with the number of holders rising 48% in the past three months. Whilst foreign investors have been accelerating local investments, led by Microsoft’s recent $1.5 billion investment in G42.”
- The survey, commissioned by the trading and investing platform eToro, sampled 1,000 retail investors residing in the UAE. The survey was conducted from 4 April – 9 April 2024 and carried out by research company Appinio. Retail investors were defined as self-directed or advised and had to hold at least one investment product including shares, bonds, funds, investment or equivalent. They did not need to be eToro users.
- Data taken from S&P 500 Shariah Index on 26th April 2024.
About eToro:
eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have over 35 million registered users from more than 100 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media centre here for our latest news.
UAE:
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
eToro (ME) Limited, is licensed and regulated by the Abu Dhabi Global Market (“ADGM”)’s Financial Services Regulatory Authority (“FSRA“) as an Authorised Person to conduct the Regulated Activities of (a) Dealing in Investments as Principal (Matched), (b) Arranging Deals in Investments, (c) Providing Custody, (d) Arranging Custody and (e) Managing Assets (under Financial Services Permission Number 220073) under the Financial Services and Market Regulations 2015 (“FSMR”). Its registered office and its principal place of business is at Office 207 and 208, 15th Floor Floor, Al Sarab Tower, ADGM Square, Al Maryah Island, Abu Dhabi, United Arab Emirates (“UAE”).
This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication.
