An ETF for the Rise of the Machines
This is a concentrated portfolio, but it offers clean exposure to firms positioned to profit from the growth of robotics and artificial intelligence.
The machines are coming. Robotics and artificial intelligence are no longer just products of Hollywood. Businesses are increasingly using these tools to reduce costs, improve efficiency, and better serve customers. Adoption is likely still in the early stages, as advances in technology improve these machines’ capabilities and make them cheaper.
Global X Robotics & Artificial Intelligence ETF (BOTZ) offers a good way to profit from this trend, though it isn’t for the faint of heart. This compact portfolio has considerable exposure to firm-specific risk, and it is far from cheap. But this focus allows it to deliver clean exposure to firms that are likely to benefit from the growth of this technology.
Alex Bryan does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.