GINN - Global X sees reasons for optimism in H2 cites AI as a growth engine

2023-07-19 10:45:20 ET

Global X said Wednesday that it remains bullish about specific market opportunities in the second half of the year, specifically pointing to artificial intelligence as a key source of potential growth.

“We believe investors have reasons for optimism in the second half and beyond, due in no small part to the AI ecosystem and the makings of an innovation boom,” Scott Helfstein, SVP of thematic Solutions at Global X, stated.

"Our analyses indicate that many themes that outperformed in the first half, such as robotics & artificial intelligence, cloud computing, and internet of things, may still be attractive. Beyond AI, U.S. infrastructure and Agtech offer compelling opportunities, in our view," Helfstein added.

For investors looking to analyze the artificial intelligence space further, see below a grouping of 10 popular AI focused exchange traded funds:

• GX Artificial Intelligence & Tech ETF ( NASDAQ: AIQ )
• GX Robotics & Artificial Intelligence ETF ( NASDAQ: BOTZ )
• ALPS Disruptive Technologies ETF ( DTEC )
• Goldman Sachs Innovate Equity ETF ( GINN )
• iShares Robotics and Artificial Intelligence Multisector ETF ( NYSEARCA: IRBO )
• Artificial Intelligence and Robotics ETF ( NASDAQ: ROBT )
• iShares U.S. Tech Breakthrough Multisector ETF ( TECB )
• iShares Exponential Technologies ETF ( XT )
• Robo Global Artificial Intelligence ETF ( THNQ )
• Roundhill Generative AI & Technology ETF ( CHAT ) ( Recently launched on May 18 ).

More on Artificial Intelligence:

• BlackRock highlights artificial intelligence in its 2023 midyear outlook report
• BofA takes neutral view on AI ETFs, weighing growth potential vs. near-term headwinds
• UBS believes the AI trend is not a bubble but says investors should remain selective
• Barclays spotlights 'immense' potential for AI, points to NVDA, MSFT as 'key names'

For further details see: