Robotics & Artificial Intelligence ETF (BOTZ) Hits New 52-Week High

Investors looking for momentum could have Global X Robotics & Artificial Intelligence Thematic ETF (BOTZ Free Report) on radar now. The fund lately hit a brand new 52-week excessive. Shares of BOTZ are up roughly 74.3% from their 52-week low of $14.77/share.

But may there be extra positive aspects forward for this ETF? Let’s check out the fund and the near-term outlook to get a greater thought of the place it could be headed.

BOTZ in Focus

The underlying Indxx Global Robotics & Artificial Intelligence Thematic Index invests in corporations that doubtlessly stand to learn from elevated adoption and utilization of robotics and synthetic intelligence, together with these concerned with industrial robotics and automation, non-industrial robots, and autonomous automobiles. BOTZ fees buyers 68 foundation factors in charge per 12 months (see all broad developed world ETFs right here).

Why the transfer?

Robotics has emerged as some of the efficient methods to include the unfold of the virus. The outbreak has raised wants for sanitization in hospitals and varied public areas by manifold. Many are turning to robots for the cleansing work. Not solely this, robots are getting used within the healthcare sector massively amid the continuing pandemic.  

The world robotics market is anticipated to broaden to about $499 billion by 2025, marking a CAGR of 26% and the worldwide AI market is estimated to extend to about $169 billion by 2025, representing a CAGR of 72%, per a source.

More Gains Ahead?

The fund has a positive weighted alpha of 35.70. So, there’s a respectable outlook forward for many who wish to journey this surging ETF a shade additional.

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