Artificial intelligence (AI) is one of the most disruptive technologies of our time, and it is expected to have a major impact on the global economy in the years to come. As a result, there is a growing interest in investing in AI-related companies.
One way to invest in AI is through exchange-traded funds (ETFs). ETFs are baskets of stocks that track a particular index or sector. This makes them a convenient and cost-effective way to invest in AI.
Here are 6 of the best AI ETFs to buy for 2023:
1. Global X Robotics & Artificial Intelligence ETF (BOTZ)
Global X Robotics & Artificial Intelligence ETF (BOTZ) is one of the most popular AI ETFs. It tracks the Indxx Global Robotics & Artificial Intelligence Thematic Index, which includes companies that are involved in the development of AI technologies, such as robotics, automation, and machine learning.
2. iShares Exponential Technologies ETF (XT)
iShares Exponential Technologies ETF (XT) is another popular AI ETF. It tracks the S&P Exponential Technologies Index, which includes companies that are developing and using disruptive technologies, such as AI, robotics, and gene editing.
ARK Autonomous Technology & Robotics ETF (ARKQ) is an ETF from ARK Invest, a well-known investment firm that is known for its investments in disruptive technologies. ARKQ tracks the ARK Innovation ETF, which includes companies that are developing and using AI technologies in the areas of autonomous vehicles, robotics, and artificial intelligence.
4. Global X Artificial Intelligence & Technology ETF (AIQ)
Global X Artificial Intelligence & Technology ETF (AIQ) tracks the Indxx Artificial Intelligence & Big Data Index, which includes companies that are involved in the development and use of AI technologies, such as big data, machine learning, and natural language processing.
5. First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT)
First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) tracks the Nasdaq CTA Artificial Intelligence & Robotics Index, which includes companies that are involved in the development and use of AI technologies in the areas of robotics, automation, and artificial intelligence.
6. Amplify AI ETF (AI)
Amplify AI ETF (AI) is an ETF from Amplify Investments, which focuses on investing in disruptive technologies. AI tracks the Amplify AI Index, which includes companies that are developing and using AI technologies in a variety of industries.
These are just a few of the many AI ETFs that are available. When choosing an AI ETF, it is important to consider your investment goals and risk tolerance. It is also important to do your own research to understand the underlying holdings of the ETF.
AI is a rapidly growing field, and there are many exciting opportunities to invest in AI-related companies. By investing in an AI ETF, you can gain exposure to this growing market and potentially benefit from the long-term growth of AI.
Here are some additional things to consider when investing in AI ETFs:
The expense ratio of the ETF.
The liquidity of the ETF.
The track record of the ETF.
The holdings of the ETF.
The risk of the ETF.
If you are considering investing in AI ETFs, it is important to do your own research and understand the risks involved. However, if you are willing to take on some risk, then AI ETFs could be a good way to gain exposure to this growing market.
