Robotics and artificial intelligence ETFs are gaining traction as the segment continues to grow with far-reaching exposures that could help benefit investor portfolios for years to come.
Robotics may be seen as a nascent industry, but the industry is quickly booming. The ROBO Global Robotics & Automation Index ETF (NASDAQ: ROBO), the original ETF dedicated to robotics investing, provides investors with the ability to gain targeted exposure to the robotics industry.
Robotics- or automation-related products and services include any technology, service or device that supports, aids or contributes to any type of robot, robotic action or automation system process, software or management.
“We’ve always had a high conviction rate that this was a multi-decade growth opportunity,” Travis Briggs, CEO of ROBO Global, said at the Inside ETFs 2018 conference. “2017, I believe, was the tipping point. It set off investors’ imagination and really realization that this was an area of not a niche opportunity but rather global growth opportunity.”