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Seminar Key Takeaways: AI NEXT: Investing Across the Future of Intelligence

Krungsri Asset Management Company Limited (“the Company”) together with Invesco recently hosted a seminar titled “AI NEXT: Investing Across the Future of Intelligence”, where experts from both companies shared views on global tech investment opportunities as Artificial Intelligence (AI) continues to reshape the global economy with strong growth potential, driven by massive annual capital expenditures from tech giants to support rising demand across all sectors. To capture this trend, the Company launched two new funds, Krungsri AI and Next Gen Software (KFAINEXT) and Krungsri AI and Next Gen Software FX (KFAINEXT-FX), which invest in the master fund, Invesco AI and Next Gen Software ETF (IGPT) during an IPO from 19 - 25 August 2026, offering what the Company sees as an optimal entry point following a market correction that brought valuations down to attractive levels just as major tech firms begin to monetize their investments.

Keynot speakers:

Mr. Tom Digby, Managing Director, Head of APAC ETF Distribution, Invesco
Ms. Pornchanok Rattanarujikorn, Vice President, Investment Strategy, Krungsri Asset Management

Outlook from Invesco

AI is not only about Chat GPT or NVIDIA, but it has broadened opportunities more than ever. The growth of AI is expected to impact every industry, with projections that it could add up to $22 trillion to the global economy by 2030. Furthermore, Generative AI alone has the potential to boost annual global corporate profits by an additional $4 trillion through productivity improvements. A survey revealed that 88% of companies have already adopted AI in at least one real business function. (Sources: S&P Dow Jones Indices. 1IDC (2025) IDC Predicts AI Solutions & Services will Generate Global Impact of $22.3 Trillion by 2030, McKinsey & Company (2023), The economic potential of generative AI.)

The AI ecosystem spans the entire value chain, categorized into three layers:
- Upstream businesses focus on AI infrastructure, including semiconductors, cloud computing, and memory/storage (such as NVIDIA).
- Midstream companies encompass AI architecture and platforms, comprising cloud service providers alongside developers of AI training and software tools (such as Alphabet, Meta, and Microsoft).
- Meanwhile, downstream businesses involve AI adoption, where businesses across various industries leverage AI to drive operational efficiency, including consumer applications, logistics, healthcare, and entertainment (such as Netflix), underscoring how AI is increasingly penetrating a broad range of industries.

Established in 2005, Invesco AI and Next Gen Software ETF (IGPT) track the STOXX World AC NexGen Software Development Index. Historical performance reveals a tenfold increase from 2013 through 2026, with substantial runway for further growth as AI momentum accelerates.
The fund employs a global rule-based stock selection framework, targeting companies that generate at least 50% of their revenue from AI and software-related businesses. Its universe spans 61 subsectors, including semiconductors, robotics, generative AI, machine learning, cloud computing, memory, storage, data centers, and various consumer platforms. To mitigate volatility and concentration risk, the fund enforces a strict single-stock weighting cap of 8%. Additionally, the fund undergoes quarterly reviews and rebalancing to stay ahead of market shifts. (Source: Invesco, STOXX® Index Methodology Guide, June 2026. The performance shown represents the performance of the master fund, which does not comply with the performance measurement standards for mutual funds prescribed by the Association of Investment Management Companies (AIMC))

As such, the fund presents a compelling opportunity for Thai investors to gain exposure to global AI-driven leaders and capitalize on a defining technological wave set to reshape the global economy over the long run.

Outlook from Krungsri Asset Management

Tech giants and hyperscalers are committing massive capital expenditures to AI, with investments reaching $800 billion this year and projected to surge to $1 trillion by 2027, followed by $1.3 trillion in 2028 to keep pace with soaring demand. (Source: FactSet, Goldman Sachs Global Investment Research, 31 Jul 2026)

According to Goldman Sachs forecasts, AI utilization is expected to increase 24-fold by 2030, driven by broad adoption beyond pure tech firms as businesses across all industries adopt AI to cut costs, boost efficiency, enhance productivity, and increase profits, alongside rapidly growing consumer adoption. As a result, AI represents a compelling long-term structural growth theme spanning every sector of the economy. (Source: Goldman Sachs Global Investment Research, 10 Jun 2026.)
Every stage across the value chain presents a major investment opportunity, driven by immense market demand across all segments. According to Bank of America forecasts, CPUs used in AI servers are projected to grow by 51% annually through 2030, while high-performance processing chips for AI training present potential annual growth exceeding 100%, with demand expected to remain near peak levels. Similarly, the broader semiconductor market continues to see robust demand despite supply constraints that are expected to persist through 2028.

Looking further across the infrastructure landscape, cloud computing is set to expand by 16% through 2034, while data centers are forecast to surge 45% by 2030. Furthermore, companies actively adopting AI are already driving higher profitability. These metrics demonstrate that AI expansion is a long-term structural growth trend - far from a speculative bubble - anchored by solid market fundamentals and genuine commercial adoption. (Sources: https://www.fortunebusinessinsights.com, 29 Jun 2026 and BofA Global Research estimates, Gartner, Mercury Research, IDC, LightCounting, 650 Group, 13 May 2026.)

Summary
The Company recommends adding these funds as a tactical satellite to existing tech portfolios to enhance overall potential returns, capturing the rapidly accelerating and long-term expansion of AI adoption.

Two fund options:

KFAINEXT offers foreign exchange hedging at the discretion of the fund manager.
KFAINEXT-FX, an unhedged option designed to reduce FX management costs.

Investors can choose to invest through any channels at convenience, both online (Access Mobile or @ccess Online) and on-ground (Krungsri Asset Management, Bank of Ayudhya branches, and selling agents), with the minimum purchase at only 500 Baht.

For more information or to obtain the Fund Prospectus, please contact Krungsri Asset Management Co., Ltd. at +66 2 657 5757 (press 2), or Bank of Ayudhya/ Selling Agents.

Investment Policies & Disclaimers

This document has been prepared using information believed to be reliable as of the date shown. However, the Company does not guarantee the accuracy, reliability, or completeness of the information and reserves the right to amend any information without prior notice.
KF-AINEXT and KF-AINEXT-FX invest on average no less than 80% of its NAV in an accounting year in the master fund, Invesco AI and Next Gen Software ETF, which will normally invest at least 90% of its total assets in securities that comprise the Underlying Index, which consists of stocks of companies with significant exposure to technologies or products that contribute to future software development through direct revenue.
Risk Level: 6 – High risk.
KF-AINEXT is exposed to a currency risk. | KF-AINEXT-FX is exposed to high currency risk. Thus, this may cause investors to incur losses or receive gains from currency movements/ or receive a return lower than the initial amount of investment.
Investors should understand the Fund's features, investment conditions, returns, and risks before making an investment decision. Past performance is not indicative of future results.

More info about the Funds, click here