Fidelity Disruptive Automation ETF

FBOT

Market cap $151M

Fidelity Investment's suite of disruptive ETFs are designed to capture growth opportunities arising from groundbreaking innovation and transformative technologies.

The current environment may present a compelling opportunity for investors seeking to increase their allocation to the automation industry via a highly-efficient ETF.  Fears around tariffs weighed heavily on automation stocks in April.

The Fidelity Disruptive Automation ETF focuses on companies innovating in automation, AI, robotics, and related technologies, aiming to capitalize on industry-changing developments. While better than previous reviews of other disruptive ETFs in the series, I still decided to give this ETF a Sell rating. The ETF employs a bottom-up stock-picking approach, benchmarking against the MSCI ACWI Index and MSCI All Country World Industrials Equal Weighted Index.

Thematic investing continues to garner attention at the midyear point on sustained artificial intelligence interest. For advisors and investors looking to diversify their thematic holdings, the Disruptive ETF suite from Fidelity offers strategies cutting across several sectors.

The year 2023 has proven to be an exceptional year for Wall Street. Now, let's see what ETF trends would be visible in 2024.