Tap into robots and artificial intelligence

Article Excerpt

The growing commercial use of robots and computers with sophisticated learning and problem-solving skills continues to change the manufacturing and service sectors. Here is a look at two exchange-traded funds that provide easy access to companies now leading the development of robotics, artificial intelligence (AI) and automation. GLOBAL X ROBOTICS & ARTIFICIAL INTELLIGENCE ETF $25.57 (Nasdaq symbol BOTZ; TSINetwork ETF Rating: Aggressive; Market cap: $1.7 billion) invests in companies that benefit from the growing use of robotics and artificial intelligence. The fund invests globally: the U.S. (45%), Japan (34%), and Switzerland (11%) represent the largest geographical exposures. Technology stocks represent 47% of the ETF’s assets, industrial companies, 35%, and healthcare companies, 15%. The ETF holds a portfolio of 44 stocks; its top 10 holdings comprise 63% of its total assets. Top holdings include Intuitive Surgical (U.S.; surgical robots, 8.9%), Nvidia (U.S.; computer graphics, 8.6%), Keyence (Japan; automatic sensors and metres, 8.2%), ABB (Swiss; electrification and automation, 7.9%), Fanuc (Japan; robotics, 7.6%), and Omron (Japan; automation/medical equipment,…