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AI and Robotics ETFs Are Hotter for Traders Than Crypto in 2023

From bnnbloomberg.ca

The popularity of artificial intelligence-powered chatbots like ChatGPT is catching the eye of exchange-traded fund investors looking for exposure to the space. A majority of professional investors, 56%, are planning to add AI- and robotics-focused ETF strategies to their portfolios this year, according to a survey by Brown Brothers Harriman released on Monday. That figure is up from 46% in 2022. The category beat all other thematic strategies except internet and technology. That’s a stark contrast from 2022, when AI and Robotics trailed ESG and digital asset-themed ETFs. A recent rally in AI stocks has super-charged ... (full story)

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  • Category: Fundamental Analysis