AI Funds Draw Cash but Struggle

Investors like the idea of artificial intelligence and robotics. They may not like the returns.

Artificial intelligence and robotics are two of the hottest sectors in tech—and ETF providers are starting to take notice.

Several firms have introduced AI-focused funds in recent months, including fund giant BlackRock. In June, the company announced the launch of iShares Robotics & Artificial Intelligence (IRBO), an exchange-traded fund offering exposure to global companies involved in different aspects of the technology, featuring names like iRobot Corp., Advanced Micro Devices and 3D Systems Corp.

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