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A New Automation ETF For Traders Who Haven't Yet Been Replaced By Robots

By BenZinga
Capital Markets, FinTech

Despite civilization’s rapid forward march toward mechanization, humanity has been routinely bad at predicting the scope, scale and impact of new technologies and the unforeseen consequences brought on by these sometimes massive shifts in how we as humans interact with the world. Case in point, a recent study from the PEW Research Center shows that, while two-thirds of Americans believe automation will replace most of the work done by humans, 80 percent don’t believe that their jobs will be affected. For further evidence of humanity’s inadequacy for technological prognostication, just look at any prediction made about the internetin the past 30 years.

It’s under that premise of unpreparedness that Indxx created the Global Robotics & Artificial Intelligence Thematic Index, which is composed of companies producing the less consumer-facing technology that will soon put you and everyone you know on the dole.

Investors looking to to gain exposure could look towards the index’s corollary, the Daily Robotics, Artificial Intelligence & Automation Index Bull 3X Shares ETF (NYSE: UBOT). Both the index …

Read the full story at Benzinga.

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