25 July, 2017
Crushing The Old Economy: Robotics, Artificial Intelligence Fund Has Tripled The Dow This Year
Artificial intelligence, machine learning and robotics are making some real money for stock investors, and beating the market.
The Global X Robotics and Artificial Intelligence ETF (BOTZ) is up 30 percent this year and the ROBO Global Robotics and Automation Index (ROBO) is up 25 percent. That’s roughly three times the Dow Jones industrial average’s 9 percent rise and twice the S&P 500’s 11 percent climb.
“Between the tech exposure and the international exposure, that’s helped the group pretty well,” said Jack Ablin, chief investment officer at BMO Private Bank. “Certainly thematically it’s in a sweet spot.”