Investment funds linked to robotics and AI raise hundreds of millions of dollars in January

Exchange-traded funds which concentrate on robotics and artificial intelligence investments have raised a total of $870 million in January alone. 

This is according to a report on CNBC, which says one fund – called the Global X Robotics and Artificial Intelligence Thematic ETF, or BOTZ for short – attracted $650 million from investors in January.

There’s still one more day of January to go, but meanwhile, Robo Global Robotics and Automation Index ETF – or ROBO – has taken in almost $220 million. 

Both funds are said to have approximately $2.4 billion in assets under management – each.

And both have been benefiting from increasing investor interest in the robotics, automation and AI market.

BOTZ is said to have seen a return on investment of 66 per cent in the past year.