.png){kind=logo}
- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
Artificial intelligence is undoubtedly present in more situations than you would realize. It's the algorithm that organizes your Netflix menu, the program that expedites your Amazon order, and the brains behind many of the daily-use smartphone applications. AI ETFs provide exposure to a broad range of the best AI companies.
Artificial intelligence is only going to get more intelligent and play a bigger part in our daily lives in the future. With a market value in the hundreds of billions of dollars already, AI has a wide range of useful applications, such as facial recognition on smartphones, predictive search engines, smart home appliances, and autonomous cars. If you want to expose your portfolio to AI firms but don't want to identify specific AI equities, you may invest in AI EFTs in 2023. AI ETFs eliminate the need to independently research and choose individual equities by offering exposure to a wide variety of the finest AI firms. In this article, we'll discuss the top AI ETFs that will make your stock investments skyrocket in 2023.
The Global X Robotics & Artificial Intelligence ETF was established in 2016 to invest in businesses that "stand to gain from greater acceptance and exploitation of robotics and artificial intelligence." This covers businesses involved in autonomous cars, automation, non-industrial robots, and industrial robotics.
Companies advancing "transformative advancements in robotics, automation, and artificial intelligence" are the focus of the ROBO Global Robotics and Automation Index ETF. Along with cloud computing and other technology firms, ROBO invests in businesses with a strong AI emphasis.
The iShares Robotics and Artificial Intelligence ETF intend to follow the performance of an index of developed and emerging market businesses that may profit from opportunities in robotics and AI in the long run.
The Nasdaq CTA Artificial and Robotics Index, which is composed of businesses involved in artificial intelligence and robotics in the technology, industrial, and other sectors, is what the First Trust Nasdaq Artificial Intelligence and Robotics ETF aim to track.
The well-known ETF that follows the NASDAQ-100 Index is called Invesco QQQ. What does this big index fund have to do with ETFs for artificial intelligence? The majority of the NASDAQ-100's assets are in the technology and newly formed telecommunications industries, making it essentially a tech fund. Although it's not a pure AI play by any means, you'll receive a lot of exposure to all the well-known designers, producers, and benefactors of artificial intelligence.
The Vanguard Information Technology ETF (VGT), which only invests in tech equities and excludes sectors like healthcare that QQQ has some exposure to, is a little bit more specialized than QQQ above. You won't find Google, Facebook, Netflix, etc. here since VGT also excludes the telecoms industry. With this ETF, pure tech large-caps like Apple, Microsoft, NVIDIA, Adobe, Intel, etc. are given more attention.
The most well-known actively managed ETF from ARK Funds is the next most popular ETF. The goal of the ARK Autonomous Technology & Robotics ETF (ARKQ) is to find businesses that stand to gain the most from automation and AI. The managers of the fund are particularly interested in topics like energy storage, 3D printing, automation, and driverless vehicles.
This ETF employs artificial intelligence to choose the equities that will be held in the fund rather than attempting to buy stocks of AI-related firms. The findings of proprietary quantitative models created by Equbot with IBM Watson artificial intelligence serve as the foundation for the underlying fund investments in AIIQ.
In 2018, WTAI was established. Investors who care about social issues will be pleased to know that the fund concentrates on providing exposure to businesses that employ AI technology in a way that complies with WTAI's Environmental and Social Governance (ESG) standards. It is also comforting to know that an experienced AI team chooses the Index firms for the fund and does the research.
By concentrating on international technology equities, AIAI further increases its diversification. Another encouraging sign is that the administration of this new fund reinvests earnings back into the fund, which shows a strong dedication to the cause.
