BusinessHABArtificial intelligence etf: Artificial intelligence (AI) is poised to revolutionize the global economy with implications for business, innovation and society. AI technology has evolved to become more than an exotic backroom algorithm — it’s now driving growth for leading enterprises and fueling new business models.
With AI stocks soaring and the AI ETF market exploding, investors need to know what these funds are, how they work, and which ones they should buy. Read on as we explore top artificial intelligence ETFs and investments of the year.
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Top 10 Artificial Intelligence ETFs and Investments
Artificial intelligence is no longer a futuristic concept. It’s an emerging technology that will continue to grow in importance over the next few decades. The top AI ETFs for artificial intelligence all invest in companies that use AI or are researching new ways to implement AI into their products and services. These ETFs provide investors with exposure to a variety of AI-related stocks, many of which are small, riskier companies that have the potential to bring about big changes in the world.
What is Artificial Intelligence?
Artificial intelligence (AI) has become a buzzword that is widely used in many industries, and it’s also a technology that has been around for quite a while. AI refers to computer technology that emulates human cognitive functions like reasoning, learning, and problem solving. AI is now widely used in fields like robotics, business operations, healthcare, advertising, and more. Artificial intelligence is not a single technology. It’s a broad term that can refer to a wide range of technologies that are designed to make human life better. AI technologies are often used to make tasks easier, more efficient, and more accurate. AI technologies are also often used to automate tasks that are otherwise difficult for humans to do.
AI ETFs to Watch
Blackstone Robotics and Automation ETF: This ETF predicts a rise in automation in the workplace and the increasing importance of robotics in the global economy. Assets under management are $267 million, with a net expense ratio of 0.95%. Blackstone Robotics and Automation ETF holds a combination of large cap and small cap stocks. Top three holdings include International Business Machines Corp., General Motors, and ABB Ltd. IBM is one of the largest firms in the world and has significant exposure to AI and automation through its cloud-based products. Investors should note that this ETF is highly concentrated in large, mature companies. Robotics, Automation and machine learning ETF: This ETF focuses on the robotics industry and companies that employ robotics and AI in their production, distribution, and marketing processes. This index fund may be a better investment than the previous fund due to the inclusion of smaller cap companies. Assets under management total $39 million, with a net expense ratio of 0.75%. This ETF has a smaller, more diversified portfolio. Top three holdings are Sky Automation, Nikon, and ASML. Sky Automation is a newer company that aims to disrupt the warehousing sector through the use of robotics and AI capabilities. Nikon is a Japanese firm that has been in business since the 1950s. Nikon is highly diversified, offering AI capabilities in its optical instruments and cameras. ASML makes equipment used in semiconductor manufacturing, which has a growing need for AI.
iShares Edge AI ETF
This ETF focuses on large- and mid-cap companies that are investing in AI and are leaders in their respective industries. This AI index fund operates on a strategy that is different than many of the other funds on this list. It looks for companies that have AI research and development departments as well as provide products and services that are based on AI. Assets under management are $132 million, with a net expense ratio of 0.68%. The top three holdings are Microsoft, International Business Machines Corp., and NVIDIA. Microsoft and IBM are two of the largest AI firms in the world, while NVIDIA is an AI hardware equipment manufacturer that provides systems used by other companies. First Trust NASDAQ AI Diversity Index Fund: This index fund is the only ETF on this list that factors in diversity when selecting companies to include in its portfolio. The index fund selects companies that have a focus on artificial intelligence, are traded on the NASDAQ, and have a decent amount of assets in AI research and development. Assets under management total $10 million, with a net expense ratio of 0.85%. This ETF is riskier than others on this list due to its focus on smaller cap companies, but it is also more likely to select companies that will bring about change in the AI industry. The top three holdings are X.AI, CrowdFlower, and H2L. X.AI is a company that is dedicated to AI and uses it to automate tasks that are usually done by humans. CrowdFlower provides AI tools for businesses and is used by a wide range of industries. H2L uses AI to provide language translation.
Overseas Elite Networking ETF
This ETF focuses on companies that are leaders in their industry and have significant exposure to artificial intelligence and machine learning. The companies in this index fund have a strong competitive advantage in their industry due to their AI capabilities. Assets under management are $67 million, with a net expense ratio of 0.90%. The top three holdings are Microsoft, International Business Machines Corp., and NVIDIA. Investors should note that this ETF is highly concentrated in large, mature companies. IIAI Asia Computer Science and AI Index Fund: This fund invests in companies that have significant exposure to computer science and AI. This AI index fund may be a good choice for investors who prefer a more diversified portfolio. Assets under management are $10 million, with a net expense ratio of 0.63%. The top three holdings are Alibaba, Tencent, and Baidu. Alibaba is a Chinese e-commerce company that uses AI and computer science to power its business. Tencent is a Chinese internet company that has been investing heavily in AI. Baidu is a Chinese internet company that has also been investing heavily in AI.
iSHARES ML Robotics AND AI FUTURISM ETC
These two ETFs focus on companies that are leaders in their industry, but are more diverse in their portfolio than the previous funds. These funds are relatively new, and their long-term performance is unknown. Assets under management total $3 million, with net expense ratios of 0.75% and 0.85%, respectively. The top three holdings are Baidu, NVIDIA, and Microsoft. Baidu is a Chinese internet company that has been investing in AI for many years. NVIDIA is an American company that makes AI equipment and hardware. Microsoft is an American technology company that focuses on AI with its AI-powered cloud services.
Conclusion
Artificial intelligence is already being used in different industries, and it is expected to grow in importance over the next few decades. The top AI ETFs for artificial intelligence all invest in companies that use AI or are researching new ways to implement AI into their products and services. These ETFs provide investors with exposure to a variety of AI-related stocks, many of which are small, riskier companies that have the potential to bring about big changes in the world.
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