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A bevy of themes, including cloud computing, streaming entertainment and video games, are benefiting from shelter-in-place and social distancing protocols forced by the coronavirus.
What Happened
Somewhat lost in the coronavirus winning theme trend is the performance of artificial intelligence and robotics names, which are strutting their stuff as social distancing winners. For example, the Indxx Global Robotics and Artificial Intelligence Thematic Index is up almost 40% over the past 90 days.
Why It's Important
Data confirm UBOT is one leveraged ETF with virus benefits as it's more than doubled in just 60 days.
Understand UBOT's rally isn't difficult. The coronavirus shined a light on vulnerabilities in global logistics and supply chain, areas robotics companies are expected to shore up in the coming years.
“Among the most apparent weak points in the global economy affected in the current viral crisis are those industries where human employees are expected to work in close proximity to others, with businesses in manufacturing, logistics or even the retail and healthcare industries unable to safely keep employees on the assembly line or in the field without risking exposure to the virus,” notes Direxion.
What's Next
UBOT is a leveraged ETF so it's not a long-term investment, but tactical traders ought to keep an eye on the fund because of the compelling growth story offered by robotics investments – one that was established prior to Covid-19.
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