ETF Talk

Robotics and Artificial Intelligence Fund Excels

The exchange-traded fund (ETF) Robotics & Artificial Intelligence ETF (BOTZ) has done well so far this year by investing in companies that are involved in the development and production of robots or artificial intelligence aimed at benefiting humanity.

Artificial intelligence (AI) is a specific field in robotics where the ultimate goal is to create a machine with the capability of undertaking a thought process similar to that of humans. This includes the ability to learn, to reason, to use language and to formulate original ideas.

As fast-growing technological fields with high potential, robotics and AI have made vast advancements in recent years, especially in areas such as manufacturing. However, the speculative nature of the technology means that AI and robotics companies in the field inherently carry a fairly high degree of risk. BOTZ somewhat mitigates this problem by providing investors with exposure to a group of companies in the field, thus diversifying the risk to a certain extent.

BOTZ invests only about a quarter of its $146.43 million total assets in U.S. equities. The rest is invested in companies in other developed countries such as Japan.

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