Global X Funds, an exchange traded fund provider known for its targeted or niche investment strategies, expanded on its tech sub-sector options with a Robotics & AI, FinTech and Internet of Things themes.
On Tuesday, Global X launched the Global X FinTech Thematic ETF (NasdaqGM: FINX), Global X Robotics & Artificial Intelligence Thematic ETF (NasdaqGM: BOTZ) and Global X Internet of Things Thematic ETF (NasdaqGM: SNSR). The three new ETFs each come with a 0.68% expense ratio.
“Robotics & AI, FinTech, and the Internet of Things are among the most significant emerging technological trends in the world as they are set to disrupt a broad range of industries and change how we interact with ordinary things like banks, cars, and even refrigerators.” Jay Jacobs, director of research of Global X, said in a press release. “Our aim with launching these funds is to provide investors with tools to efficiently gain exposure to the companies that are well-positioned to grow from these technological revolutions.”[related_stories]
FINX targets companies on the leading edge of emerging financial technology industry, which includes a range of innovations that caters toward businesses engaged in insurance, investing, fundraising and third-party lending through unique mobile and digital solutions.
Specifically, top sub-sectors include data processing & outsourced services 41.9%, application software 35.1%, internet software & services 7.3%, consumer finance 3.8% and managed health care 3.4%. Top holdings include First Data Corp 6.1%, SS&C Technologies Holdings 5.8% and Wirecard 5.6%.
The fund also includes international exposure. U.S. makes up 67.6% of the ETF’s portfolio, followed by Germany 7.8%, Switzerland 7.2%, Australia 5.8%, Isle of Man 4.7%, Denmark 4.1% and Cayman Islands 2.8%.
FINX will also be competing against the recently launched PureFunds Solactive FinTech ETF (NasdaqGM: FINQ).
BOTZ provides exposure to companies involved in the adoption and utilization of robotics and artificial intelligence (AI), including those involved with industrial manufacturing, medicine, autonomous vehicles, and other applications.
The Robotics and AI ETF includes exposure to industries like industrial machinery 30.0%, electronic equipment & instruments 11.6%, health care equipment 11.2%, electronic components 9.4% and electric equipment 8.1%. Top holdings include ABB Ltd 8.1%, SMC Corp 7.8% and Mitsubishi Electric Corp 7.6%.
Country weights include a hefty 46.1% Japan exposure, along with U.S. 20.4%, Switzerland 10.5%, U.K. 5.7%, Netherlands 4.7%, Germany 4.3%, Canada 4.3%, Finland 3.4% and France 0.7%.
BOTZ will be competing against the established he Robo-Stox Global Robotics & Automation Index ETF (NasdaqGM: ROBO).
SEE MORE: Remembering the Robotics ETF
Lastly, SNSR targets companies involved in the the development and manufacturing of semiconductors and sensors, integrated products and solutions, and applications serving smart grids, smart homes, connected cars, and the industrial Internet.
Top sub-sector weights include semiconductors 34.7%, electrical components & equipment 15.4%, communications equipment 10.0%, consumer electronics 6.3% and health care equipment 6.1%. The largest holdings include Garmin 6.3%, Skyworks SOlutions 6.3% and Dexcom 6.1%.
Country breakdowns include U.S 52.4%, Netherlands 19.0%, Switzerland 8.3%, Taiwan 5.1%, France 4.2%, U.K. 2.9%, Cayman Islands 2.4%, Austria 2.1% and Ireland 1.8%.
For more information on new fund products, visit our new ETFs category.