Alternative Investments/AI: AdvisorShares Offers Drone Technology ETF
Investors get exposure to the commercial drone economy and its transformative technology through this thematic ETF from AdvisorShares.
The AdvisorShares Drone Technology ETF (NYSEARCA: UAV) commenced trading on April 27, according to an announcement from AdvisorShares, a sponsor of active ETFs. The ETF offers investment opportunities in the commercial drone economy including drones and autonomous vehicles (AVs). (CISION PR NEWSWIRE)
AdvisorShares Drone Technology ETF (NYSEARCA: UAV)
The ETF will invest in U.S.-listed equities of domestic and global companies that enjoy dominant market positions with unique opportunities for growth and expansion in the drone and AV ecosystems. These include companies or industries that are, directly or indirectly, developing, researching, using, or providing support services or supplies related to drones or AVs. Examples: goods delivery, emergency services, self-driving vehicles, electric vertical takeoff and landing (eVTOL) aircraft, as well as military, agriculture, construction, energy, mining, and real estate applications.
In fact, drones are now touching every industry and proving to be faster, cheaper, and safer to use in hundreds of different applications. AVs are also viewed as a potential solution to today’s growing infrastructure challenges.
According to AdvisorShares, the global drone market is forecast to grow from $26.3 billion in 2021 to $41.3 billion in 2026 which is a 9.4% compound annual growth rate. (Source: Drone Industry Insight)
There is also a green angle. Drones and AVs may help to reduce greenhouse gas emissions by providing mobility services once implemented only by commercial or industrial vehicles which are heavy polluters.
“As technological innovation evolves, we believe that drone technology will accelerate further and establish itself as an investment growth opportunity with durable and sustainable characteristics,” said Dan Ahrens, managing director at AdvisorShares and portfolio manager of UAV.
“Additionally, we feel its potential impact on select industries like transportation can help reduce greenhouse gas emissions by providing mobility services once implemented only by commercial or industrial vehicles.”
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