Lunate Launches AI Infrastructure ETF, Targeting Global Tech and Utility Giants

Lunate has rolled out yet another exchange-traded fund — its twentieth, in fact — adding a fresh layer to its expanding portfolio of investment tools. The Abu Dhabi-based firm introduced the Boreas S&P AI Data, Power & Infrastructure UCITS ETF, which might sound like a mouthful, but the concept is fairly straightforward: it’s a fund that taps into the backbone of the artificial intelligence economy — the data centres, power suppliers, and infrastructure networks keeping the digital world humming.

Now, when I first heard about this launch, I couldn’t help but think how often we at Arageek see similar patterns emerging across MENA — investors racing to get a slice of the AI pie. AI needs colossal computing power, and that means more electricity, more servers, and, frankly, much more cash to keep the engines running. Lunate seems to have latched on to that perfectly. As one exec put it, this ETF is designed for those eyeing the “structural trends shaping future economic value.” Spot on, if you ask me.

The fund will be handled by Lunate Capital Limited — a subsidiary licensed in Abu Dhabi’s financial centre — and is expected to go live on the Abu Dhabi Securities Exchange on 25 November under the ticker AIPOWR. It’s pegged to track an S&P index focusing on 35 global players in the field, including big names like Oracle, Siemens, and NextEra Energy. The expense ratio stands at 0.49%, which, for this sort of thematic ETF, isn’t too much of a faff.

What’s interesting here is how Lunate has leaned into more thematic and tech-forward strategies. Only a few months back they did something similar with quantum computing — and now this. To borrow a Britishism, they’re clearly chuffed to bits about hitting their 20th ETF milestone. One of the firm’s partners described it as part of a “comprehensive suite” for investors, which feels like corporate-speak for keeping up with where the money’s flowing. I reckon they’re right to double down, especially with AI infrastructure expected to attract over a trillion dollars' worth of investments annually by 2030. That’s not pocket change.

ADX’s chief executive, Salem Alnuaimi, chimed in too, highlighting how the listing reinforces Abu Dhabi’s ambitions to be a global hub for AI-linked finance. And honestly, you can see the appeal — this brings both global tech giants and utility providers together under one tradable umbrella. For investors in the Gulf, it’s an efficient way to connect local capital with global innovation. I mean… it’s a clever move, isn’t it?

The subscription window runs from 10 to 14 November 2025 via authorised participants and the ADX eIPO portal. Once it’s listed, it’ll offer exposure to sectors such as technology, industrials, energy, and even a pinch of real estate through data-centre holdings.

As someone who’s spent years watching MENA’s investment scene evolve, it’s fascinating to see a company like Lunate bridging local wealth with global opportunity. There was a time when such options felt out of reach for most regional investors — now, ETFs like these make the process considerably smoother. On the flip side, one could argue that the thematic ETF market is getting a bit crowded, but that’s another story for another day.

All in all, this move by Lunate seems timed to perfection, riding the inexorable wave of AI infrastructure growth. It’s a reminder that while tech headlines usually go to the flashy software side of AI, the real backbone — the cables, the cooling, the power grids — might just be where the long-term gains lurk. Pretty exciting stuff, even if, as investors know too well, it’s never all smooth sailing… or should I say, definately smooth sailing.

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