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Questions of the Week – Artificial intelligence ETFs and cash alternatives

Question: Are there any robotics and Artificial Intelligence ETFs on the ASX and are they a good long-term investment?

Answer (By Paul Rickard): Yes, there is the ROBO from ETF Securities (ROBO is the actual ASX code).

I think it has the potential to be a good long-term investment. Obviously, you have to believe in the industry outlook (growth opportunity) for robotics/automation, and have confidence that the panel ETF Securities has appointed to select the stocks has the expertise to do so.