With the rise of artificial intelligence and machine learning, many investors are curious about whether there are AI-focused funds available. Fidelity Investments, a well-known financial services company, offers a range of investment options, but do they have any AI funds?
The short answer is that Fidelity does not currently have a specific mutual fund or exchange-traded fund (ETF) that is focused solely on artificial intelligence. However, that doesn’t mean that Fidelity investors can’t gain exposure to the AI sector through the company’s existing investment options.
Fidelity does offer several funds that invest in technology and innovation, which may have exposure to companies involved in AI research, development, and deployment. For example, the Fidelity Select Technology Portfolio (FSPTX) is a mutual fund that invests in companies involved in the development, advancement, and use of technology. While this fund may not be specifically focused on AI, it could include companies that are leaders in the AI space.
Additionally, Fidelity has a range of sector-specific ETFs, such as the Fidelity MSCI Information Technology Index ETF (FTEC). This ETF seeks to provide investment results that correspond to the performance of the MSCI USA IMI Information Technology Index, which includes companies within the technology sector. Again, while not AI-specific, this ETF may include companies that are at the forefront of AI development.
For investors specifically seeking exposure to AI, there are other options available outside of Fidelity. There are several ETFs that focus on artificial intelligence and robotics, such as the Global X Robotics & Artificial Intelligence ETF (BOTZ) and the ARK Autonomous Technology & Robotics ETF (ARKQ). These funds specifically target companies involved in AI, machine learning, and automation.
It’s important for investors to conduct thorough research and consult with a financial advisor before making any investment decisions. While Fidelity may not have a dedicated AI fund at this time, the company offers a variety of investment options that can provide exposure to the technology sector, including potential AI-related opportunities.
In conclusion, Fidelity does not currently have a standalone AI-focused fund, but investors can still gain exposure to the AI sector through the company’s existing investment options. With the growing interest in artificial intelligence and its potential impact on various industries, it’s possible that Fidelity or other financial institutions may introduce dedicated AI funds in the future.
