FYI: While a number of prominent economists have expressed concern over the impact that automation and robotics could have on the labor market over the coming years, it’s a trend that’s been paying off for investors this year, and which could accelerate thanks to the recently passed tax bill.
Two exchange-traded funds dedicated to this investment thesis have seen sizable gains in 2017, with growth that’s more than twice the move of the overall market. The ROBO Global Robotics & Automation Index ETF ROBO, +0.15% has gained 44.3% thus far this year, while the similarly themed Global X Robotics & Artificial Intelligence ETF BOTZ, +0.17% is up 59.4%. The S&P 500 is up nearly 20% on the year.
Regards,
Ted
https://www.marketwatch.com/story/robotics-etfs-big-gainers-in-2017-could-see-another-boost-from-the-tax-bill-2017-12-27/print
