A new era of artificial intelligence began with the release of ChatGPT. While it and similar tools have left many pondering the impact of AI in their everyday lives, investors have been keen on profiting from this craze.
But with the renewed furor over AI receding in the wake of other pressing news, some may be wondering what exactly is going on with AI now, months after ChatGPT shook up the space. To provide some insights, we use data pulled from LOGICLY to gain an in-depth perspective on the three-month performance of the two largest AI-focused ETFs.
Which AI-Focused Funds Will We Be Focusing On?
The Global X Robotics & Artificial Intelligence ETF (BOTZ) and the Global Robotics & Automation Index ETF (ROBO) have seized the top two positions in terms of assets among AI-focused funds, but there are some key differences between them.
BOTZ leads the pack as the largest AI-focused fund in U.S. markets, boasting $2.5 billion in assets. The fund added inflows of $670.85 million this year. Notably, June and the first half of July alone contributed $294.09 million to this total.
ROBO takes the second spot with $1.5 billion in assets. ROBO’s net flows have not matched the success of BOTZ this year, bringing in only $64 million since the beginning of the year. Nonetheless, there is positive momentum for ROBO, with recent net flows of $32.7 million in June and July, indicating some renewed interest from investors.