The Conversational AI, AI and Innovation ETF (CHAT) will seek to invest in global stocks that are primarily connected with artificial intelligence, with an emphasis on “conversational” AI and innovation.
The winners of tomorrow are not the winners of yesterday. So why hold a fund that mostly tracks the latter?
While the ARK Innovation ETF (ARKK), has jumped 42% this year — more than twice as much as the Nasdaq 100 — the fund is still down more than 70% from its peak two years ago.
The funds offer socially conscious strategies that target US and international equities and fixed income.
The last half-decade was not good to these funds.