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BlackRock Joins the AI And Robotics ETF Craze

TedTed
in The Bullpen
FYI: Large funds tracking robotics and artificial intelligence stocks have bled cash in recent months, but that isn’t stopping other issuers from joining the fray.


BlackRock Inc. announced the inception of its iShares Robotics and Artificial Intelligence ETF, or IRBO, joining a crowded field that’s seen massive outflows in recent periods. The Global X Robotics & Artificial Intelligence ETF, or BOTZ, lost a record $115 million in assets the past two months. The ROBO Global Robotics & Automation Index ETF, or ROBO, has bled $121 million since the beginning of April.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-07-03/blackrock-joins-ai-robotics-etf-craze-as-investors-grow-wary?srnd=etfcenter
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