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.
Investment Thesis
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IRBO: An Equal-Weighted Robotics And AI Fund To Capture Strong Industry Growth