Five Artificial Intelligence ETFs You Need in Your Investment Portfolio
The rise of artificial intelligence (AI) has been a game-changer in various industries and has brought about transformational changes in the way we live, work, and interact. With advancements in the field, investment opportunities in AI have emerged as lucrative and viable options for investors looking to diversify their portfolio. The best way to invest in AI-based companies is through exchange-traded funds (ETFs). In this article, we’ll take you through the top 5 AI ETFs that should feature in your investment portfolio.
1. Global X Robotics & Artificial Intelligence ETF (BOTZ)
The Global X Robotics & Artificial Intelligence ETF (BOTZ) is one of the leading ETFs that provides exposure to companies that are focused on AI applications, including automation, robotics, and cognitive computing. The fund tracks the performance of the Indxx Global Robotics & Artificial Intelligence Thematic Index, which includes companies from all over the world. BOTZ has more than $3.5 billion in assets under management and boasts an expense ratio of 0.68%.
2. iShares Robotics and Artificial Intelligence ETF (IRBO)
The iShares Robotics and Artificial Intelligence ETF (IRBO) is another top choice for investors seeking long-term growth potential. The fund tracks the FactSet Robotics and Artificial Intelligence Index and gives investors access to companies involved in the development and application of AI and robotics. IRBO has an expense ratio of 0.47% and has grown to manage over $1.5 billion in assets under management.
3. WisdomTree Artificial Intelligence ETF (AIQ)
The WisdomTree Artificial Intelligence ETF (AIQ) provides exposure to AI-based companies that utilize machine learning, natural language processing, and big data. The fund tracks the WisdomTree Artificial Intelligence Index and has an expense ratio of 0.4%. AIQ has amassed over $850 million in assets under management and represents a great opportunity for investors seeking exposure to cutting-edge technology.
4. Fidelity Nasdaq Artificial Intelligence and Robotics ETF (ROBT)
The Fidelity Nasdaq Artificial Intelligence and Robotics ETF (ROBT) is a fund that aims to provide investment results that correspond to the performance of the Nasdaq CTA Artificial Intelligence and Robotics Index. The index tracks companies that are engaged in the research and development of AI and robotics. ROBT has an expense ratio of 0.39% and manages over $1 billion in assets under management.
5. VanEck Vectors Video Gaming and eSports ETF (ESPO)
While not specifically an AI fund, the VanEck Vectors Video Gaming and eSports ETF (ESPO) provides investors exposure to companies in the booming video gaming industry. These companies utilize artificial intelligence to improve the gaming experience, and many are expected to lead in AI development and research. ESPO has an expense ratio of 0.55% and manages over $1.5 billion in assets under management.
Conclusion
Investing in AI ETFs can provide a great opportunity for investors seeking exposure to cutting-edge technology and long-term growth potential. The funds listed above have been carefully researched and represent some of the best options for investors looking to add AI to their portfolio. It is essential to thoroughly research and understand the unique risks involved before investing in any ETF. With these factors considered, adding AI ETFs to your investment portfolio could prove to be an excellent choice for long-term investors.
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