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Global X Robotics & AI Index ETF (RBOT $35.17)
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GLOBAL X FDS (AIQ $52.45)
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Evolve Artificial Intelligence Fund (ARTI $14.25)
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Global X Artificial Intelligence & Technology Index ETF (AIGO $31.38)
Q: Looking for a Canadian based etf that offers exposure to the AI sector. Your thoughts on the above noted one and any better alternatives would be appreciated.
5i Research Answer:
ARTI is very small at $22M in assets, and we would wait for it to grow. Its current holdings are the highly typical mega cap stocks. It is down 1.1% YTD and up 15.67% over one year. Its performance has lagged the sector so far. RBOT is larger ($65M) and cheaper on fees. It is up 4.79%. and we would prefer it. AIGO is also available but also very small. We really would prefer a US ETF such as AIQ for this theme.