This fund is intended to provide results tracking the performance of the ROBO Global Robotics and Automation Index. Robo Global Robotics & Automation ETF (ROBO) +20.73% The index is measures the performance of companies that generate a significant portion of their revenue from the field of artificial intelligence, and is non-diversified. The fund invests at least 80% of its total assets in Large Cap or Growth securities or ADRs comprising the index. This fund tries to provide results corresponding to the performance of the ROBO Global Artificial Intelligence Index. Robo Global Artificial Intelligence ETF (THNQ) +18.15% The index is designed to track the performance of companies involved in the development and utilization of artificial intelligence and big data, and is non diversified. The fund invests at least 80% of its assets in Large Cap or Growth securities comprising the underlying index. The fund attempts to provide results corresponding generally to returns of the Indxx Artificial Intelligence & Big Data Index. Global X Artificial Intelligence & Technology ETF (AIQ) +17.76% The index tracks the performance of companies engaged in the artificial intelligence and robotics. The fund invests at least 90% of its assets (which may include borrowed funds) in Mid Cap or Growth stocks and ADRS comprising the index. The targets investments whose results correspond to the returns of the Nasdaq CTA Artificial Intelligence and Robotics Index. FT Nasdaq Artificial Intelligence and Robotics ETF (ROBT) +17.44% The funds largest positions are in technology related sectors. This fund invests 80% of its assets in Large Cap or Growth equities related to intelligent machines. Franklin Intelligent Machines ETF (IQM) +15.14% For each we’l note the full name, ticker, its YTD 2023 return, then present a brief description of the structure and index they target. To insure you’re not just yield chasing, let’s take a look at these ETFs and see if they fit your investment objectives. Nine AI focused Exchange Traded Funds, ETFs, YTD, 2023, source Stockscharts, author The chart below looks at nine thematic ETFs, selected due to their focus on AI, with Assets Under Management (AUM) ranging from $3M to $1.5B. So how could retail, who is far, far less plugged into the industry and lacks adequate data (no, your “free” data doesn’t cut it) and connectivity to markets (home internet to your broker, yeh, sure) profit in this space? Best to look at professionally managed Exchange Traded Funds (ETFs). Not even professionals can, and forget “gurus” or “services” who claim they will do it if you if only pay a fee. And while there is undoubtedly opportunity in this space, how can YOU PICK THE WINNERS AND AVOID THE LOSERS? Lots of stocks spiking up and then crashing down. There likely will be a small number of winners, perhaps as little as one or two after a hot cycle of tech and financial innovation. So I really don’t see any reason why this will be different. The 2021 pop in EV related stocks, and the 2020 pop in Marijuana related stocks before that, and SPACS and solar. Well, some might call me a cynic for saying these share prices are rather bubbly, but as a Quant I tend to deal with data and, well, let’s just say I’M OLD ENOUGH TO REMEMBER Selected AI stocks, YTD 2023, source Stockscharts, author
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