ETF Areas That Remained Strong In The First 9 Months Of 2020

The year 2020 has been quite a chaotic one and keeping the Nov 3 elections in mind, it seems like the situation will continue. President Donald Trump and first lady Melania Trump testing positive for coronavirus can escalate tensions among investors. Notably, concerns looming around the pandemic have largely dominated the market headlines, causing turbulence.

However, positive developments in coronavirus vaccine, Fed’s support, U.S. fiscal stimulus and a rebounding U.S. economy with an improving job market have kept investors' optimistic alive amid the crisis. Major technology companies showed resilience to the pandemic, which in turn, significantly supported the market momentum this year. In fact, Wall Street witnessed the best August for the indices of Dow and the S&P 500 since 1984 and 1986, respectively, after slipping into the bear territory in March.

However, even during the pandemic, investors continued to focus on opportunities for their portfolios cropping up from the new normal. Online activities have gained popularity among the masses during the past few months and are expected to continue dominating the post-pandemic era largely. The pandemic is also believed to have changed the lifestyle and preferences of Americans and people globally. For precautionary reasons, people are trying to avoid public places and maintain social distancing. Also, most people are opting for cash less transactions wherever possible.

Against this backdrop, we highlight some ETF areas that held their ground and gained popularity among investors:

AI, Robotics & Cyber Security

AI is fast changing the business landscape by expanding opportunities, driving revenues and enhancing efficiencies. It helps enhance almost everything, including advertising, healthcare, robotics, retail, video streaming, gaming and urban development.

We are living in an era largely dominated by AI applications and technological advancements. Amid the coronavirus crisis, demand for online services has increased, which in turn has led to the dominance of AI. Globally, the AI market is estimated to see a CAGR of 29%, rising from a worth of $42.8 billion in 2019 to $152.9 billion in 2023, according to an Analytics Insight article.

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