New Fund … New Challenge. Robots Vs Cannabis !

Robots Are Hotter Than Weed for New Fund Pivoting Between Themes says Bloomberg piece 1 November.

Can’t decide whether to invest in cannabis companies, artificial intelligence or both? A new exchange-traded fund wants to help.

 

The Global X Thematic Growth ETF, which trades as GXTG, is giving investors exposure to a multitude of themes using about 17 funds run by its parent company. The new product, which began trading last week, currently has about 23% of its portfolio in social-media stocks via ETFs and another 11% in robotics and AI companies, data compiled by Bloomberg show. It has nothing in a marijuana fund that it’s also allowed to own.It’s an interesting time for issuers of thematic ETFs amid stalling growth and a glut of new products hitting the market. More than 100 of those funds — from investments focused on millennials to robotics, and genomics to 5G communications — currently compete for cash, according to Bloomberg Intelligence. Yet assets in these funds have shrunk 7% to $47.5 billion since reaching a peak in September 2018.

“A fund of funds approach will make it easier to implement and provide diversification as some themes will perform better than others in the short term,” said Todd Rosenbluth, director of ETF research at CFRA Research.

Primary Sponsor

 


Karma Koala Podcast

Top Marijuana Blog