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ETFs expand access to global tech and AI beyond US-focused exposure
One fund, iShares Global Tech ETF, holds more than 77% domestic exposure and has returned more than 25% year to date, while charging a 0.41% expense ratio.
MarketBeat Ratings highlights that global interest in frontier AI and other tech growth is increasingly extending beyond the United States, prompting a broader lineup of international, tech focused ETFs available to domestic investors.
The iShares Global Tech ETF, listed on NYSEARCA as IXN, is described as a semiconductor focused fund with material exposure to tech hardware and equipment, software, and services. The outlet says U.S. exposure dominates at more than 77% of the portfolio, with the rest broadly dispersed across countries including Taiwan, South Korea, Japan, and the Netherlands.
MarketBeat Ratings also notes that IXN is highly concentrated, with its top 10 holdings out of nearly 146 positions accounting for nearly 61% of invested assets. It adds that the fund has significant positions in NVIDIA and Apple that total about 28%, and says IXN has returned more than 25% year to date, with a 0.41% expense ratio and about $9 billion in managed assets.
The report further points to the Global X Robotics & Artificial Intelligence ETF, BOTZ, which aims to capture the AI movement and the robotics space, including industrial and non-industrial robotics applications and autonomous vehicles. MarketBeat Ratings says less than a third of BOTZ is allocated to U.S.-listed companies, with a comparable portion dedicated to Japan-listed stocks.