BlackRock adds new robotics ETF to its lineup of AI products

BlackRock is adding the iShares Future Robotics and Related Technologies Active ETF, ticker RBTX, to its artificial-intelligence investment lineup. The actively managed fund will trade on NYSE Arca, charge a 0.65% expense ratio, and use the MSCI ACWI Net Index as its benchmark; Tesla, Advanced Micro Devices and Nvidia are its largest holdings at 5.27%, 4.87% and 4.59%, respectively. Tony Kim and Reid Menge manage RBTX through BlackRock’s Fundamental Equities Technology Team, which oversees more than $50 billion in AI and technology investments. BlackRock already runs the largest US AI ETF, the iShares A.I. Innovation and Tech Active ETF, which has attracted more than $14 billion since launching in October 2024.