AI fever ignites a boom in thematic ETFs as fund managers hunt for their next big hit
Summary
Wall Street fund managers are launching a wave of targeted exchange-traded funds focusing on emerging industries like robotics and space exploration. This trend follows the massive market success of artificial intelligence investments. Asset managers are rushing to introduce these specialized products to satisfy strong investor demand for new thematic opportunities.
The runaway success of the artificial-intelligence trade has left investors hungry for the next big market theme. Wall Street fund managers are happily obliging with a flurry of new targeted products, helping investors invest in everything from the rise of robotics to the incipient space economy.
Source: Read the full story at MarketWatch.com - Top Stories
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