What is a good AI ETF?
3/8/2024 08:47am
A good AI ETF (Exchange-Traded Fund) is one that provides exposure to a diversified portfolio of artificial intelligence (AI) companies. Here are some of the top AI ETFs to consider:1. Global X Robotics & Artificial Intelligence ETF (BOTZ): This ETF focuses on companies involved in industrial robotics, automation, non-industrial robots, and autonomous vehicles. It has assets under management (AUM) of $2.29 billion and an expense ratio of 0.69%.2. ROBO Global Robotics and Automation Index ETF (ROBO): This ETF invests in companies that could benefit from increased adoption and utilization of robotics and artificial intelligence. It has AUM of $1.4 billion and an expense ratio of 0.95%.3. iShares Robotics and Artificial Intelligence ETF (IRBO): This ETF seeks to track the performance of an index that includes robotics and artificial intelligence companies. It has AUM of $488.21 million and an expense ratio of 0.47%.4. First Trust Nasdaq Artificial Intelligence ETF (ROBT): This ETF invests in companies listed on the Nasdaq Stock Exchange that are involved in AI technology. It has AUM of $428.28 million and an expense ratio of 0.65%.It's important to note that the best AI ETF for you depends on your investment goals, risk tolerance, and other factors. Consider consulting with a financial advisor to determine the best fit for your portfolio.