I have been holding this robotics and AI etf for several years and noted that it somehow managed to completely bypass the rallies in both. Any comments here and guidance of future steps?
Thanks.
RBOT is up 21% this year; but certainly one might have expected more. Currency has some impact. It has a very concentrated portfolio, with the top six names accounting for 50% of the fund. But the holdings (47 total) look generally fine. NVDA and ISRG combined are 24% of the fund. But we cannot tell specifically when these were bought. With NVDA up 189% this year this single position alone should have resulted in better performance (if it was held all year). All of its top holdings are up on the year, though its Japanese holdings have lagged the US names. We would still consider it worth holding if one believes in the sector. Its three-year performance is horrible (minus 4.8%) but it seems better positioned now, at least.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in NVDA.