Global X Funds’ Robotics and Artificial Intelligence ETF (BOTZ), has crossed the USD100 million in assets under management threshold. The fund launched on 12 September, 2016 and tracks the Index Global Robotics & Artificial Intelligence Thematic Index.
According to data from ETF.com as of 5/30/2017, BOTZ became just one of 23 ETPs launched since 2016 to have amassed over USD100 million in assets, a significant milestone for newly launched ETPs. The fund offers investors access to the burgeoning robotics and AI technologies that are rapidly being applied in a variety of sectors. The robotics industry is expected to grow 10 per cent per year, eclipsing USD80 billion in market size by 2020; the AI market is expected to reach USD5.1 billion by 2020, from just USD420 million in 2014.1,2 Robotics and AI are revolutionising cars, finance, militaries, and even surgeries and home health aid for the world’s ageing populations.
“Robotics and artificial intelligence technologies are being applied in a broad range of sectors as corporations seek to improve productivity and address shrinking workforces in developed countries,” says Jay Jacobs, director of research at Global X. “We’re currently in the beginning stages of a multi-decade shift in the way that we utilise and interact with these innovative technologies. In bringing BOTZ to market, we sought to offer investors an avenue to efficiently access this enormous global phenomenon as it plays out over time.”
BOTZ holds a basket of companies that stand to potentially benefit from the increased adoption of robotics and artificial intelligence, eschewing traditional sector classifications. As of 3/31/2017, the fund has a global focus with more than 75 per cent of its exposure coming from outside of the US. BOTZ is one of five funds in the Technology subcategory of Global X’s Thematic suite of ETFs.
