For traders in search of momentum, ROBO International Robotics & Automation ETF ROBO might be a
For traders in search of momentum, ROBO International Robotics & Automation ETF ROBO might be an acceptable decide. The fund simply hit a 52-week excessive and is up 102.4% from its 52-week low worth of $28.27/share.
Let’s check out the fund and its near-term outlook to achieve an perception into the place it may be headed:
ROBO in Focus
This ETF invests in world firms which might be driving transformative innovation in robotics, automation, and synthetic intelligence (RAAI), together with firms that create expertise to allow actually clever techniques that may sense, course of, and act, and corporations that apply these applied sciences to ship RAAI-enabled merchandise — together with robots — to companies and customers. It has AUM of $1.50 billion and fees 95 foundation factors (bps) in annual charges.
Why the Transfer?
As a result of coronavirus outbreak, the robotics market is flooded with alternatives as robots are getting used for jobs comparable to sanitizing hospitals, properties and workplaces together with monitoring, surveying, dealing with, and delivering meals and medicines. The present circumstances appear favorable for the robotic markets in authorities functions, comparable to well being, safety and protection. Additionally, with the reopening of the U.S. financial system, it’s believed that robots will see elevated utilization in industrial, manufacturing, healthcare, logistics, inspection and upkeep, automotive, electronics, and meals and beverage areas. That is making funds like ROBO a beautiful funding possibility.
Extra Features Forward?
It looks like the fund will stay sturdy, with a optimistic weighted alpha of 49.60, which provides cues of additional rally.
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ROBO International Robotics and Automation Index ETF (ROBO): ETF Analysis Studies
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