Related: Big Tech ETF – QQQ – Could Surge in September
For its part, BOTZ has done some good work in not even a year of trading. The ETF has already captured nearly $362 million in assets. BOTZ charges 0.68% per year, or $68 on a $10,000 investment.
“International Data Corporation, for instance, said last year that worldwide spend on robotics and related services would balloon from 2015’s $71 billion to $135.4 billion by 2019 — a compound annual growth rate of 17%. Artificial intelligence, while not as large on a nominal basis, is expected to blimp by nearly 57% annually to $58.97 billion by 2025, according to Research and Markets,” reports InvestorPlace.
Japan and the U.S. combine for over two-thirds of the ETF’s country allocations. Other prominent country exposures include Switzerland and the U.K.
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