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AI ETF Guru Departs, Shaking Up Investment Landscape
4 Jul
Summary
- Global Head of Tech Research, Dan Ives, left Wedbush after eight years.
- ETFs IVES and IVEP, named after Ives, face potential value shifts.
- Alternative AI ETFs offer comparable exposure with different strategies.
Wedbush announced on Wednesday, July 1, 2026, that Dan Ives, their Global Head of Technology Research, has departed the firm to pursue new entrepreneurial endeavors. Ives had been with Wedbush for eight years, significantly contributing to its prominence in technology equity markets.
His departure raises questions about the future of two specific ETFs: the Dan Ives Wedbush AI Revolution ETF (IVES) and the Dan Ives Wedbush AI Power & Infrastructure ETF (IVEP). These funds, with ticker symbols reflecting his name and leveraging his investment philosophy, are now subject to "key person risk," as described by Todd Rosenbluth, Head of Research at VettaFi.
For investors seeking AI exposure, Ives' exit may prompt a consideration of alternative ETFs. The market offers numerous other options, such as the ROBO Global Artificial Intelligence ETF (THNQ), which employs its own distinct methodology and has shown stronger year-to-date performance compared to IVES.
