AI and Robotics ETFs Are Hotter for Traders Than Crypto in 2023
- BBH survey says 56% investors want to add theme to portfolio
- Funds in the space have pulled in $105 million in March: BI
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The popularity of artificial intelligence-powered chatbots like ChatGPT is catching the eye of exchange-traded fund investors looking for exposure to the space.
A majority of professional investors, 56%, are planning to add AI- and robotics-focused ETF strategies to their portfolios this year, according to a survey by Brown Brothers Harriman released on Monday. That figure is up from 46% in 2022. The category beat all other thematic strategies except internet and technology. That’s a stark contrast from 2022, when AI and Robotics trailed ESG and digital asset-themed ETFs.