BetaShares has launched their Global Robotics and Artificial Intelligence ETF or RBTZ on the ASX to give Aussie investors an opportunity to invest in the expanding portfolio.
RBTZ will provide access to companies involved in the production of or use of robotics and artificial intelligence products and services.
BetaShares chief executive Alex Vynokur said that disruption was already here and fundamentally changing many industries.
“Disruption is actually happening really across the board. So industries, say traditional manufacturing industries you know, is now going through a seismic shift in the way manufacturing is being conducted,” he said.
The growth of the robotics sector is forecast to grow over 30 per cent per annum whilst AI software is forecast to grow 55 per cent per annum by 2025, according to BetaShares.
Mr Vynokur said that this growth presented an exciting opportunity for investors and it was one they could benefit from.
“Some of those very significant trends are an investment opportunity for investors in Australia,” he said.
A lot of the companies that are forces of disruption are currently not available to many investors in Australia and that was what RBTZ was hoping to change, said Mr Vynokur.
“Very few companies are actually present on the Australian market. So, it’s actually very difficult for Australian investors to gain access to those and I think RBTZ is offering an opportunity to do so in a very convenient way,” he said.
