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Artificial intelligence (AI) is reshaping the way we work, live, and invest — and it is still only getting started.
This bodes well for companies involved in the space, which are set to see demand for their services explode over the next decade.
Unfortunately, though, there aren’t really any pureplay AI stocks on the Australian share market that are worthy of a spot in your portfolio. The ones listed on the local market tend to be on the speculative side of the equation.
So, if you’re looking for a way to gain exposure to the rise of AI, automation, and robotics, there’s an ASX ETF that could help.
It is called the Betashares Global Robotics and Artificial Intelligence ETF (ASX: RBTZ) and it gives Aussie investors a simple way to invest in the companies powering the future without having to do any stock picking.
A global play on two megatrends
The Betashares Global Robotics and Artificial Intelligence ETF tracks a global index of companies at the forefront of robotics and AI innovation. This includes industries like factory automation, autonomous vehicles, healthcare robotics, machine learning, and semiconductor design.
The fund’s top holdings include NVIDIA (NASDAQ: NVDA), the world’s leading AI chipmaker; Intuitive Surgical (NASDAQ: ISRG), a pioneer in robotic-assisted surgery; and Keyence Corp, a major player in industrial automation sensors.
These stock — and others in the fund — are not just riding the AI wave; many are building the tools and infrastructure that make the wave possible.
Who is this ASX ETF for?
The Betashares Global Robotics and Artificial Intelligence ETF is arguably best suited to long-term growth investors looking to capture the upside of structural change.
Artificial intelligence is expected to be a multi-decade transformation story, and robotics is increasingly being adopted across manufacturing, logistics, healthcare, and more.
And while its performance may be volatile in the short term, the fund’s exposure to global leaders in automation and AI probably makes it as well-positioned as anything else out there to benefit from the megatrends.
Foolish takeaway
For investors who want to tap into the AI and robotics revolution without trying to pick individual winners, the Betashares Global Robotics and Artificial Intelligence ETF offers a simple, diversified way to do it.
Overall, with companies from the US, Japan, Europe, and beyond, this ASX ETF opens the door to some of the most important technology trends of the next decade — and probably beyond.