Goldman Sachs introduces the GSXEXXAI basket, a hedge strategy for European equities that systematically excludes AI-exposed companies. This strategy is presented as a lower-volatility alternative to shorting against dominant, high-growth AI leaders.
Key Takeaways
- 1.AI exposure in Europe's STOXX 600 has doubled to 20% since 2022.
- 2.AI-related stocks account for 60% of STOXX 600 equal-weight returns YTD 2026.
- 3.GS introduces GSXEXXAI, an 'Europe ex-AI' basket designed to hedge against AI-driven index returns.
Table of Contents
- Sector
- Country Exposure
- Factor Exposure
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Authors
Giovanni ArcudiElias BenzinaCamille CeriseyCaroline FeeneyNatasha TiwanaMohammed Baramia
Securities
SXXPGSXEXXAISX5E
Themes
Artificial Intelligence
Regions
Europe