Q: In October 2024 in reply to a question about an AI etf you replied:
The Canadian field is very limited and all funds are too small for our liking right now. We would recommend: BOTZ, AIQ, and IRBO which are USD funds. RBOT is a CAD-hedged option and CIAI is an unhedged CAD option; both however are too small for our liking.
Is that still the case that there is only RBOT as a cdn hedged option? Any other updtes to that question: I want to buy an AI ETF.
The Canadian field is very limited and all funds are too small for our liking right now. We would recommend: BOTZ, AIQ, and IRBO which are USD funds. RBOT is a CAD-hedged option and CIAI is an unhedged CAD option; both however are too small for our liking.
Is that still the case that there is only RBOT as a cdn hedged option? Any other updtes to that question: I want to buy an AI ETF.
5i Research Answer:
CIAI has had a bit of time to trade now and assets have also grown, so we would be more comfortable with this name.
HBGD is another ETF to consider that is focused on Big Data and Hardware so might not be 'purely' AI but will have some overlap. It remains on the smaller side however.
So, the answer remains largely the same but we think CIAI is becoming a more competitive option as well.