“BOTZ offers investors access to a rapidly emerging technological theme of the application of robotics and artificial intelligence around the globe,” according to Global X. “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.
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BOTZ is a global ETF with over 46% of its holdings being Japanese companies and another 23% being U.S. firms. Switzerland, the U.K. and Israel combine for over 20% of the ETF’s weight. BOTZ charges 0.68% per year, or $68 on a $10,000 investment.
While the robotics & AI revolution is a long term theme that we believe will continue to play out over decades, industries across the globe are already embracing these technologies. Industrial manufacturing was among the first sectors touched by this burgeoning technology, but health care, defense, agriculture, and consumer products are all starting to adopt robotics and AI at an increasingly rapid pace,” said Jay Jacobs, director of research at Global X, in the statement.
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