BetaShares Global Robotics & Artificial Intelligence ETF (RBTZ) $15.96

The fund tracks the Indxx Global Robotics & Artificial Intelligence Thematic Index, which includes companies developing advanced robotics or AI technologies and those deploying them in industrial, commercial, or consumer settings. It provides access to a diversified portfolio of global companies involved in robotics, automation, and artificial intelligence (AI). The ETF was listed in September 2018, and we view this as a good ETF for AI exposure plus automation/robotics.

• The ETF holds 63 stocks, with its 5 largest positions currently ABB 8.6%, FANUC 7.3%, Intuitive Surgical 6.7%, Keyence Corp 5.9%, and Daifuku 4.3% – not necessarily what subscribers would imagine.
• From a regional perspective, it has 46.3% exposure to the US, followed by 26.3% Japan, 9.3% Switzerland, and 8.2% China.
• It has a modest market cap of $335mn, while its fees are a reasonable 0.57%.
• Its performance has been solid over the last year, advancing +12.3%.

The ETF doesn’t provide the leverage towards the traditional AI names that we would expect, such as the likes of Nvidia, Alphabet, Broadcom, and Microsoft, but instead, it is skewed more heavily towards robotics, with machinery stocks making up 37% of the fund relative to semiconductors which stands at ~10%.

• MM likes the RBTZ ETF in the $15.25-50 region, only 1-2% lower.