BetaShares launches robotics and AI ETF
BetaShares has launched its new Global Robotics and Artificial Intelligence (RBTZ) exchange-traded fund (ETF) on the Australian Securities Exchange (ASX), which will offer exposure to a portfolio of global companies that use robotics and AI products and services.
This would include companies that are involved in production or use of industrial robots, autonomous vehicles and applications of large-scale machine learning.
According to Betashares, this trend is predicted to last, with revenue from sales of industrial and non-industrial robots forecast to grow over 30 per cent per annum to reach US$500 billion, while revenue from AI software is expected to grow around 55 per cent per annum to reach US$37 billion by 2025.
“Ageing populations, rising labour costs, and an opportunity for performance improvements are all significant economic incentives promoting further development of the area, explaining significant growth in the adoption of robotics and artificial intelligence solutions across a number of industries,” Alex Vynokur, BetaShares’ chief executive, said.
RBTZ would track the Indexx Global Robotics and Artificial Intelligence Thematic Index, which in the three years to August 2018 generated annual returns of 35 per cent.
According to Vynokur, Australian investors were more often looking outside their home market for growth opportunities, with technology an area of focus as investors position their portfolios for a different future.
AUTHOR
Oksana Patron
Recommended for you
Two former senior Global X employees have launched their own ETF provider, ETF Shares, focused on offering index ETFs for advisers and retail investors.
With GCQ Funds Management and Lakehouse Capital making their recent ETF debuts, the two fund managers unpack why financial advisers are essential to their respective launches.
ETF provider Global X is set to launch its latest ETF, focused on artificial intelligence infrastructure.
Index provider MSCI has unveiled two measures to make it easier for financial advisers and wealth managers to access transparent insights into private assets.
