The Robotics & Automation ETF (NYSE:ROBO) declined 23.38% in Q2, leaving the Robotics and Automation ETF 38% below its all-time high in November 2021. The Artificial Intelligence ETF (NYSE: THNQ) was down 28.15%, and the Healthcare Technology & Innovation ETF (NYSE: HTEC) dropped 20.77%. Valuation multiples have compressed under the weight of rising inflation, geopolitical risks, and rapid macro shifts. This leaves the valuations of the ROBO Global ETFs well below long-term historical averages. We discuss major trends and big movers across our innovation portfolios.
The performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original costs. Current performance may be higher or lower than the performance quoted. For performance data current to the most recent month end, please call 1-855-456-7626 or visit www.roboglobaletfs.com. (SI) since inception
Expense ratios – ROBO: Net .95%, HTEC: Gross .80%/Net .68%* THNQ: Gross .75%/Net .68%*
*The advisor has contractually agreed to waive fees through August 31, 2022.
High short-term performance of the fund is unusual and investors should not expect such performance to be repeated.