Pictet AI & Automation ETF(AMEX:PBOT)

PBOT seeks long-term capital appreciation by investing in companies from both developed and emerging markets linked to artificial intelligence and automation. This includes those driving or benefiting from AI, robotics, cybersecurity, semiconductors, and software value chains. The selection process considers a companys thematic exposure, liquidity, and volatility, followed by a fundamental analysis that incorporates the companys business franchise, management quality, financial attractiveness, and sustainability or ESG factors. Stocks are weighted according to the portfolio managers conviction and research that considers the companys thematic relevance, fundamentals, and risks. The fund selects companies with the highest convictions, while positions are sold when price targets are reached, or conviction levels decline. As an actively managed ETF, PBOT has full discretion to adjust the portfolio at any time.