A Quick Overview of the Global X Robotics & Artificial Intelligence ETF
The Global X Robotics & Artificial Intelligence ETF (BOTZ) is a thematic ETF that seeks to invest in companies that stand to benefit from increased adoption and utilization of robotics and artificial intelligence. Robotics and artificial intelligence have a wide-reaching application across multiple sectors and industries.
According to Mordor Intelligence, artificial intelligence in the robotics market is expected to grow at a compound annual growth rate of 29.21% from 2023 to 2028. With that kind of rapid growth, BOTZ is expected to provide solid returns over the next five years. Since its inception in September 2016, BOTZ has provided a total return of approximately 101% and an average annual total return of approximately 11% with dividends reinvested.
The top holdings of BOTZ include NVIDIA, Intuitive Surgical, Keyence, ABB, Fanuc, Dynatrace, OMRON, Cognex, SMC, and YASKAWA Electric. As of the end of June 2023, BOTZ has a price per share of $28.74, net assets of $2.12 billion, and an expense ratio of 0.69%.
If you are looking for exposure to robotics and artificial intelligence, or want to keep track of the market, BOTZ is an ETF to consider. Let me know what you think of BOTZ in the comments.