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ROBT - IRBO: An Equal-Weighted Robotics And AI Fund To Capture Strong Industry Growth
First Trust Nasdaq Artificial Intelligence and Robotics ETF
2024-03-12 00:09:25 ET
Summary
iShares Robotics and Artificial Intelligence Multisector ETF is a buy due to its equal-weighted holding strategy, low expense ratio, and high dividend yield compared to peer funds.
IRBO is the most diversified AI and robotics ETF with 111 holdings, capturing the growth and expected returns of the robotics industry.
The fund has a favorable valuation compared to its peers, with attractive P/E and P/B ratios, and offers lower volatility compared to other AI and robotics funds.