Alternative Investments/AI: New ETFs From ProShares For Exposure To High Tech Sectors

Investors get exposure to smart factories, big data and cleantech.

ProShares launched three new thematic ETFs that address high technology themes such as automated manufacturing, big data and clean tech.

“Each ETF is designed to offer investors exposure to a rapidly changing industry, from the automation of manufacturing to enhanced analytics and big data processing to powering the transition to clean energy,” ProShares CEO Michael Sapir said Thursday in a statement. (Seeking Alpha)

The new ETFs charge an expense ratio of 0.58% and will trade on the New York Stock Exchange.

ProShares S&P Kensho Smart Factories ETF

The ProShares S&P Kensho Smart Factories ETF (NYSEARCA:MAKX) focuses on investing in stocks of companies that help businesses automate manufacturing by integrating physical assets with digital capabilities.

United Nations projections indicate the potential for a labor shortage in the world’s largest economies. Automating manufacturing with robotics and data processing capabilities could help businesses meet manufacturing demands.

The adoption of smart factory technology will enable companies improve control and visibility across their operations

ProShares Big Data Refiners ETF

The ProShares Big Data Refiners ETF (NYSEARCA: DAT) invests in equities that help businesses process massive amounts of data to draw competitive insights.

In 2020 alone, individuals and companies created approximately 64 zettabytes (6 trillion gigabytes) of data. This fund will invest in firms involved analyzing all of that material.

ProShares S&P Kensho Cleantech ETF

ProShares S&P Kensho Cleantech ETF (NYSEARCA:CTEX) will provide investors with exposure to businesses developing and building green technologies like hydro, solar, wind and geothermal.

The advancement of clean technology is critical to meeting the Paris Agreement goal of net-zero energy emissions by 2050.

A BloombergNEF forecast states that to meet the deadline, emissions must decline 30% from 2019 levels by 2030. Renewable energy sources like solar, wind, and hydrogen could play a central role in this transition.

Challenging times for companies

“Companies have been dealing with a number of challenges over the past 12 or 18 months — supply-chain constraints, labor issues related to distancing and open positions, increasing importance of digital, and potentially peaking profit margins,” said Scott Helfstein, executive director of thematic investing at ProShares.

“Businesses have to get more efficient to address these headwinds, and the new funds focus on technologies to facilitate that process.”

Related Story: Roundhill To Launch ETF For The “Digital Payment Universe”

Image Credit: Wikimedia Commons

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