Updates Based on Data:
1. VanEck Robotics ETF (NASDAQ: IBOT) invests in companies leading the way in the production, design, and development of robots and other automated equipment. The fund currently holds about 85 stocks, with top holdings including NVIDIA Inc. (NASDAQ: NVDA), Emerson Electric (NASDAQ: EMR), and ABB Ltd. The expense ratio for IBOT is 0.47%, and it has a “moderate buy” rating with a target price of $58.81 per share.
2. Global X Robotics and Artificial Intelligence Thematic ETF (NASDAQ: BOTZ) seeks to correspond to the price and yield of the Indxx Global Robotics & Artificial Intelligence Thematic Index. BOTZ has a diverse portfolio of companies, including Nvidia, Intuitive Surgical (NASDAQ: ISRG), and Keyence Corp. The fund has a relatively high expense ratio of 0.68% but has a solid track record of returns.
3. Fidelity Select Technology Portfolio is a mutual fund that invests in AI. It offers a diversified portfolio of 30-plus stocks and securities, including companies such as Microsoft and NVIDIA. The fund has a track record spanning over 40 years and has returned 19.92% annually for the past 10 years, outperforming its benchmark index.
4. Fidelity Disruptive Automation ETF (NASDAQ: FBOT) focuses on investing in companies that develop innovative automation technologies. Major holdings include Amazon, Microsoft Co. (NASDAQ: MSFT), Alphabet, Keyence, Fanuc, and PTC Inc. FBOT seeks to provide above-average returns and potentially greater risk than other AI mutual funds by investing in disruptive technologies.
5. ROBO Global Robotics and Automation ETF (NYSEARCA: ROBO) is actively managed by ROBO Global, one of the world’s largest providers of robotics and automation investment management services. The fund’s portfolio is diversified across multiple countries and sectors, including healthcare, industrial automation, and AI. Top holdings include Yaskawa Electric Corp, ABB Ltd., and Teradyne Inc. ROBO has shown strong returns over the years.
– AI mutual funds, such as the VanEck Robotics ETF, Global X Robotics and Artificial Intelligence Thematic ETF, and Fidelity Disruptive Automation ETF, are gaining popularity due to their potential to offer strong returns.
– Investing in AI mutual funds can help diversify portfolios, reduce risk, and provide exposure to key players in the AI industry.
– When choosing an AI mutual fund, it is important to consider factors such as proven track record of returns, fees, and the types of securities and investments the fund focuses on.
– AI mutual funds can be volatile due to the rapidly changing nature of the AI industry, but they also offer opportunities for long-term growth.
– It is recommended to research and analyze historical returns and risk levels before investing in any mutual fund, including those focused on AI.
Note: The information provided above is based on data and research available at the time of writing. Investors should conduct their own research and seek professional advice before making any investment decisions.