BetaShares launches robotics and AI ETF
BetaShares has launched its new Global Robotics and Artificial Intelligence (RBTZ) exchange-traded fund (ETF) on the Australian Securities Exchange (ASX), which will offer exposure to a portfolio of global companies that use robotics and AI products and services.
This would include companies that are involved in production or use of industrial robots, autonomous vehicles and applications of large-scale machine learning.
According to Betashares, this trend is predicted to last, with revenue from sales of industrial and non-industrial robots forecast to grow over 30 per cent per annum to reach US$500 billion, while revenue from AI software is expected to grow around 55 per cent per annum to reach US$37 billion by 2025.
“Ageing populations, rising labour costs, and an opportunity for performance improvements are all significant economic incentives promoting further development of the area, explaining significant growth in the adoption of robotics and artificial intelligence solutions across a number of industries,” Alex Vynokur, BetaShares’ chief executive, said.
RBTZ would track the Indexx Global Robotics and Artificial Intelligence Thematic Index, which in the three years to August 2018 generated annual returns of 35 per cent.
According to Vynokur, Australian investors were more often looking outside their home market for growth opportunities, with technology an area of focus as investors position their portfolios for a different future.
AUTHOR
Oksana Patron
Recommended for you
Lonsec and SQM Research have highlighted manager selection as a crucial risk for financial advisers when it comes to private market investments, particularly due to the clear performance dispersion.
Macquarie Asset Management has indicated its desire to commit the fast-growing wealth business in Australia by divesting part of its public investment business to Japanese investment bank Nomura.
Australia’s “sophisticated” financial services industry is a magnet for offshore fund managers, according to a global firm.
The latest Morningstar asset manager survey believes ETF providers are likely to retain the market share they have gained from active managers.
