Like other growth-oriented ETFs, the Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ) was punished during the August broader market retreat, but there's still plenty of compelling long-term opportunity with this robotics fund. BOTZ “seeks to invest in companies that potentially stand to benefit from increased adoption and utilization of robotics and artificial intelligence (AI), including those involved with industrial robotics and automation, non-industrial robots, and autonomous vehicles,” according to Global X. Robotics and artificial intelligence are making machines smarter and more capable than ever before, allowing robots to take on increasingly sophisticated tasks for faster and more accurate production.
As technology continues to advance, it gives cybercriminals more tools to defraud consumers and in turn, companies are fighting back with artificial intelligence (AI). “In response, many financial sector companies are adopting AI to combat both staff and customer fraud,” wrote Jeff Palmer in IT Pro Portal. “Among the variety of applications of AI in the financial sector is speech recognition, which offers numerous possibilities, including voice-based account servicing, robo-advice, autonomous analysis of audio archives and live ‘sentiment analysis’ of customer calls as well as the real-time transcription of any audio feed to allow instant decisions to be made,” Palmer added.
We highlight ETFs which are set to gain from an expanding surgical robotic market on factors like growing demand for automation in healthcare, rising cases of chronic diseases and ageing population.
Investor participation and automation—it’s a top theme in 2020 that will persist as more technological advances take place in robotics and artificial intelligence (AI). As such, investors can look to an ETF like the Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ) , which has more than $1.5 billion in net assets—a sign investors are aware of its importance for disruptive technology exposure. “I think this is intuitive with investors,” said Jay Jacobs, head of research and strategy at Global X ETFs.
The cyclical industrial sector has had its share of struggles this year, but some robotics ETFs, which have heavy industrial exposure, are still performing well. For example, the Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ) is up 12.31% year-to-date and there could be more upside coming for BOTZ and rival robotics funds. BOTZ is considered a thematic ETF.
The Robotics Business Review collated the views of various robotics and intelligent systems industry thought leaders to get insights on what they expect for 2020 and beyond that. The common denominator is that robotics should continue to experience growth, which bodes well for the Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ) . BOTZ seeks to invest in companies that potentially stand to benefit from increased adoption and utilization of robotics and artificial intelligence (AI), including those involved with industrial robotics and automation, non-industrial robots, and autonomous vehicles.
This article is a part of InvestorPlace's Best ETFs for 2019 contest. Tom Taulli's pick for the contest is the Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ:BOTZ).It's time for another update for the InvestorPlace Best ETFs contest. My pick, the Global X Robotics & Artificial Intelligence Thematic ETF (NASDAQ:BOTZ), has performed reasonably well for the year so far with a year-to-date return of 19%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsUnfortunately, it ranks No. 4 among the others. The top performer is the iShares U.S. Home Construction ETF (BATS:ITB), which was the choice for Vince Martin. He made a very shrewd call that the sector was way oversold.Regardless, I'm still bullish on BOTZ. Hey, for the years to come, I think it has the potential for being among the best ETFs.There are several reasons for this. First of all, AI represents a truly transformational technology that has wide appeal. We've already seen how companies like Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT) and Facebook (NASDAQ:FB) have leveraged it for their own platforms. AI offers benefits of lower costs, better predictions and accurate insights.Here are some data points to consider: * PWC projects that AI will add a whopping $15.7 trillion in value to the global economy by 2030 * IDC projects that spending on the technology will go from $24 billion in 2018 to $77.6 billion by 2022 * For other categories related to AI like robots and drones, which are included in the BOTZ ETF, IDC expects that spending on these categories will jump from $115.7 billion to $210.3 billion AI and the Best ETFsSo what were some of the developments in the latest quarter for BOTZ? Let's take a look at a few: * 10 Cloud Stocks to Invest in the Future * Nvidia (NASDAQ:NVDA): This is one of the premier AI companies. The company's core technology -- GPUs or Graphics Processing Units -- have proven to be ideal for the technology, in terms of the high speed, efficiency and parallel processing. While NVDA has had its challenges, such as with the U.S.-China trade war and the competition from operators like Advanced Micro Devices (NASDAQ:AMD), the company has been able to get things back on track. This was evident in its latest earnings report, in which the company beat expectations on both the top and bottom lines. NVDA also should get a boost from its expected acquisition of Mellanox Technologies (NASDAQ:MLNX). Oh, and yes, the company continues to push the boundaries of innovation, such as with its autonomous driving car segment. * Brooks Automation (NASDAQ:BRKS): For the year so far, the shares are up about 45%. The company's automation systems for semiconductors are seeing much uptake because of megatrends like IoT (Internet-of-Things), 5G and yes, AI. The company has also focused on the valuable life sciences market, which should help with long-term growth. According to the CEO, Steve Schwartz, in the earnings press release: "We believe each of our businesses hold great advantages and are positioned nicely in strong markets with additional opportunity as we go into the final quarter of our 2019 fiscal year." * iRobot (NASDAQ:IRBT): This stock is one of the reasons that BOTZ is not the one of the best ETFs! The performance for the company has been absolutely awful. During the last quarter, IRBT stock has lost about 36% of its value. Then again, in July, the company issued a disappointing earnings report that showed a deceleration on the top line. The problem? It really comes down to the situation in China. Keep in mind that a hefty amount of sales come from the country.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cloud Stocks to Invest in the Future * 7 Next-Gen Growth Stocks to Buy for Long-Term Gains * 7 Cheap Stocks That Ought to Consider a Sale The post Best ETFs for 2019: The Global X Robotics and AI ETF Is Holding Strong appeared first on InvestorPlace.
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Bullish chart patterns suggest that the robotics and artificial intelligence sector is worth watching in the coming weeks and months.
We discuss some ETFs to gain from the boom in the robotics market.
It takes more than a fancy suit and a plethora of mechanical devices at one’s disposal to be an international spy these days. In the current landscape, it’s disruptive technology like artificial intelligence that is paving the way for future innovations in the intelligence community. While AI can do a majority of the tedious tasks, it’s still important for the intelligence community to have an understanding of the technology that does the actual work.
NVIDIA earnings has put ETFs with higher allocation to this graphics chipmaker under the spotlight.
BOTZ “seeks to invest in companies that potentially stand to benefit from increased adoption and utilization of robotics and artificial intelligence (AI), including those involved with industrial robotics and automation, non-industrial robots, and autonomous vehicles,” according to Global X. Robotics and artificial intelligence are making machines smarter and more capable than ever before, allowing robots to take on increasingly sophisticated tasks for faster and more accurate production. Several sub-groups of artificial intelligence and robotics spaces could be major drivers of the themes’ returns in the coming years, including industrial robots.
NEW YORK , July 10, 2019 /PRNewswire/ -- Global X ETFs, the New York -based provider of exchange-traded funds (ETFs), today announced the inclusion of three additional ETFs to Schwab ETF OneSource, one ...
Thematic investing is in vogue and is rapidly gaining attention.
The positive trend is likely to continue given the positive earnings estimate revisions, which are generally a precursor to an earnings beat though earnings surprise is difficult to predict this time.
Robotics is disrupting all sectors in all points around the globe. As such, investors who want domestic and international exposure, developed and emerging markets, can look to an ETF like the Global X ...
Merlyn.AI uses AI technologies in ETF investing.
Disruptive technology in the form of robotics can supplant humans when it comes to tasks that are deemed cumbersome or in the case of military usage, dangerous. In this instance, the U.S. army is utilizing ...
Fresh off another record-breaking Singles Day in China, U.S. shoppers and investors will attempt to follow suit on Cyber Monday later this month. That new national tradition could prove beneficial for ...