This Week's ETF Launches: First Trust Jumps on the Robotics Bandwagon
February 28, 2018 at 08:00 AM EST
Investing in companies that develop robotics-related technology or artificial intelligence capabilities has proven to be especially lucrative. In just over two years, the original robotics ETF, the Robo Global Robotics & Automation Index ETF ( ROBO ), has returned more than 110%. The second robotics ETF, the Global X Robotics & Artificial Intelligence ETF ( BOTZ n/a ), launched about a year and a half ago, and has enjoyed similar success. This week, a third robotics ETF joins the group. Will it be a winner or is it too late to the party? Here are this week’s new fund launches: