The ETF Robotics and Artificial Intelligence Thematic exchange-traded fund received $659m in inflows during the first four weeks of 2018, taking its total assets to approximately $2.4bn. The Global X's previous record for monthly inflows was roughly $370m. ETF is attributing the popularity of the product to clients looking for attractive investments that will provide a return long after the US's prolonged equity bull market subsides. Investing in themes like robotics also appeals to younger investors, Jay Jacobs, director of research at ETF, noted. The fund offered a return of 66% last year.
The Global X Robotics and Artificial Intelligence Thematic exchange-traded fund received $659m in inflows during the first four weeks of 2018, taking its total assets to approximately $2.4bn. The ETF's previous record for monthly inflows was roughly $370m. Global X is attributing the popularity of the product to clients looking for attractive investments that will provide a return long after the US's prolonged equity bull market subsides. Investing in themes like robotics also appeals to younger investors, Jay Jacobs, director of research at Global X, noted. The fund offered a return of 66% last year.