What are the Top AI-Investing Funds to Watch in 2021?

As artificial intelligence (AI) continues to gain traction in the investment world, more and more AI-investing funds are emerging. These funds use algorithms and machine learning to analyze data and make investment decisions. In 2021, there are several top AI-investing funds to watch.

BlackRock AI Global Equity Fund

BlackRock's AI Global Equity Fund uses AI to identify investment opportunities across the globe. The fund's AI technology analyzes data from various sources, including social media, news articles, and financial statements, to make investment decisions. The fund has a diversified portfolio, with investments in sectors such as technology, healthcare, and consumer goods.

Invesco QQQ Innovation Suite

Invesco's QQQ Innovation Suite is an ETF that tracks the NASDAQ-100 Index. The fund uses AI to identify innovative companies that are likely to outperform in the future. The fund's AI technology analyzes data such as revenue growth, earnings, and innovation metrics to identify these companies.

Global X Robotics & Artificial Intelligence ETF

The Global X Robotics & Artificial Intelligence ETF is an ETF that invests in companies involved in robotics and AI. The fund's portfolio includes companies involved in areas such as industrial automation, autonomous vehicles, and healthcare robotics. The fund uses AI to identify companies that are likely to benefit from the growth of robotics and AI.

BNY Mellon Mobility Innovation Fund

The BNY Mellon Mobility Innovation Fund invests in companies involved in the mobility sector, including autonomous vehicles, electric vehicles, and transportation technology. The fund's AI technology analyzes data such as consumer trends, regulatory developments, and investment flows to identify investment opportunities.

Wells Fargo Asset Management Analytic Investors U.S. Large Cap Equity Fund

The Wells Fargo Asset Management Analytic Investors U.S. Large Cap Equity Fund uses a combination of AI and fundamental analysis to identify investment opportunities in large-cap U.S. companies. The fund's AI technology analyzes data such as earnings, cash flow, and balance sheet metrics to identify undervalued companies.

Investment Strategies for AI-Investing Funds

Investing in AI-investing funds can be a great way to gain exposure to the growing field of AI. However, it's important to keep in mind that investing in these funds comes with risk. AI technology is still evolving, and there is no guarantee that these funds will outperform the market.

One strategy for investing in AI-investing funds is to use a dollar-cost averaging approach. This involves investing a fixed amount of money in the fund at regular intervals, regardless of market conditions. This can help to reduce the risk of investing a large amount of money at the wrong time.

Another strategy is to diversify your investments across multiple AI-investing funds. This can help to spread out your risk and increase the likelihood of capturing the potential upside of the AI market.

Conclusion

As AI continues to transform the investment landscape, AI-investing funds are becoming increasingly popular. The top AI-investing funds to watch in 2021 include BlackRock AI Global Equity Fund, Invesco QQQ Innovation Suite, Global X Robotics & Artificial Intelligence ETF, BNY Mellon Mobility Innovation Fund, and Wells Fargo Asset Management Analytic Investors U.S. Large Cap Equity Fund. While investing in these funds comes with risk, using strategies such as dollar-cost averaging anddiversificationcan help to mitigate this risk.