New York-based Global X Funds, exchange-traded funds (ETFs) provider, has announced the launch of three thematic technology ETFs – Global X FinTech Thematic ETF, Global X Robotics & Artificial Intelligence Thematic ETF and Global X Internet of Things Thematic ETF.
According to the official release, the three new ETFs will join the company’s Thematic suite. This suite presently has 15 funds and approximately $1 billion in assets and includes funds that are available to investors since 2010.
The Global X Fintech Thematic ETF will invest in companies that are on the leading edge of the emerging fintech industry. It will seek to invest in firms, which encompass a wide range of innovations that help to transform businesses including insurance, payments, investing, fundraising and third-party lending through mobile and digital solutions.
"Robotics & AI, FinTech, and the Internet of Things are among the most significant emerging technological trends in the world as they are set to disrupt a broad range of industries and change how we interact with ordinary things like banks, cars, and even refrigerators. Our aim with launching these funds is to provide investors with tools to efficiently gain exposure to the companies that are well-positioned to grow from these technological revolutions," Jay Jacobs, director of research of Global X said.
Global X Fintech Thematic ETF expects that by the end of 2016, crowd funding will surpass venture capital as a means of raising money.
Apart from this, Global X Robotics & Artificial Intelligence (AI) Thematic ETF will provide exposure to stocks in adoption and utilization of robotics and AI. This includes those who are involved in medicine, autonomous vehicles, industrial manufacturing and other applications. Also, Global X Internet of Things (IoT) Thematic ETF focuses on offering exposure to firms that benefit from broader adoption if IoT. The company previously launched Global X Lithium ETF (LIT) in 2010 and Global X Social Media Index ETF (SOCL) in 2011.
