Direxion Adds Bullish Innovative Tech ETF Play

The Indxx Global Robotics and Artificial Intelligence Thematic Index also serves as the underlying benchmark for the popular Global X Robotics & Artificial Intelligence Thematic ETF (NasdaqGM: BOTZ).

Robotics-related investments provide investor access to an emerging technological theme of the application of robotics and artificial intelligence around the globe. The robotics industry is expected to grow 10% per year, eclipsing $80 billion in market size by 2020. The AI market is expected to reach $5.1 billion by 2020, from just $420 million in 2014.

Related: ETF Trends Robotics & AI Channel

International Data Corporation, for instance, calculated that worldwide spending 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 surge by nearly 57% annually to $58.97 billion by 2025, according to Research and Markets.

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