Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. Inflows into exchange-traded funds (ETFs) tracking artificial intelligence (AI) companies have ebbed after their sharp run-up earlier this year, as investors fear persistently high U.S. interest rates will hurt company valuations. The Global X Robotics & Artificial Intelligence ETF received $1.8 million in net inflows in September after sharp outflows in the prior month, while the smaller ROBO Global Robotics & Automation Index ETF saw outflows of $14.3 million. By contrast, both funds received their highest monthly net inflows of 2023 in June, gaining $265.5 million and $29.74 million, respectively, according to Lipper data.

The U.S. refrained from designating any trading partner as a currency manipulator in the Biden administration's first foreign-exchange policy report, even as Switzerland, Taiwan and Vietnam met thresholds for the label.The Treasury Department said Friday that those three economies met criteria for the manipulator label, including a large trade surplus with the U.S. In December, the last report done under President Donald Trump designated Switzerland and Vietnam as manipulators.The new assessments signal the Biden administration is taking a less confrontational approach to international currency policy after Trump labeling of China and other countries as manipulators proved ineffective and spurred concerns of politicization.The latest report assesses currency activities through 2020.Covid ImpactThe U.S. acknowledged that the unprecedented nature of the coronavirus pandemic's impact on the global economy led to creative policy responses by governments and central banks.

Robots and artificial intelligence (AI) are increasingly gaining precedence in our daily life. The pandemic-driven stay-at-home trend made it more important as we have become more dependent on the technology. The growing accessibility and falling costs are also making the space more demanding and lucrative. The global robotics technology market size was valued at $62.75 billion in 2019, and is projected to reach $189.36 billion by 2027, at a CAGR of 13.5%, per Allied Market Research. No wonder, AI-related investing tools like Global X Artificial Intelligence & Technology ETF (AIQ Quick QuoteAIQ - Free Report), ROBO Global Robotics & Automation ETF (ROBO Quick QuoteROBO - Free Report), iShares Robotics and Artificial (IRBO Quick QuoteIRBO - Free Report) and First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT Quick QuoteROBT - Free Report) are hot bets now.

Robots and artificial intelligence (AI) are increasingly gaining precedence in our daily life. The pandemic-driven stay-at-home trend made it more important as we have become more dependent on the technology. The growing accessibility and falling costs are also making the space more demanding and lucrative. The global robotics technology market size was valued at $62.75 billion in 2019, and is projected to reach $189.36 billion by 2027, at a CAGR of 13.5%, per Allied Market Research. No wonder, AI-related investing tools like Global X Artificial Intelligence & Technology ETF AIQ, ROBO Global Robotics & Automation ETF ROBO, iShares Robotics and Artificial IRBO and First Trust Nasdaq Artificial Intelligence and Robotics ETF ROBT are hot bets now.

Today, Global X Funds - Global X Funds Global X Robotics & Artificial Intelligence ETF Inc's (NASDAQ: BOTZ) stock fell $0.44, accounting for a 1.26% decrease. Global X Funds - Global X Funds Global X Robotics & Artificial Intelligence ETF opened at $34.58 before trading between $34.59 and $34.27 throughout Friday's session. The activity saw Global X Funds - Global X Funds Global X Robotics & Artificial Intelligence ETF's market cap fall to $2,485,602,400 on 254,899 shares -below their 30-day average of 484,968. The Nasdaq Stock Market is a global leader in trading data and services, and equities and options listing. Nasdaq is the world's leading exchange for options volume and is home to the five largest US companies - Apple, Microsoft, Amazon, Alphabet and Facebook.

For investors looking for momentum, Global X Robotics & Artificial Intelligence ETF BOTZ is probably a suitable pick. The fund just hit a 52-week high and is up 99.4% from its 52-week low price of $18.49/share. Let's take a look at the fund and its near-term outlook to gain an insight into where it might be headed: This ETF seeks to invest in companies that potentially stand to benefit from increased adoption and utilization of robotics and AI, including those involved with industrial robotics and automation, non-industrial robots, and autonomous vehicles. It has AUM of $2.60 billion and charges 68 basis points (bps) in annual fees. Due to the coronavirus outbreak, the robotics market is flooded with opportunities as robots are being used for jobs such as sanitizing hospitals, homes and workplaces along with monitoring, surveying, handling, and delivering food and medicines.

The first big investment wave in tech was the personal computer. Then came software, the internet, smartphones, social media and cloud computing. The next big thing is artificial intelligence, or AI, professional stock pickers say. AI is the science-fiction-like technology in which computers are programmed to think and perform the tasks ordinarily done by humans. The size of the global AI market is expected to grow to $202.6 billion by 2026, up from $20.7 billion in 2018, according to Fortune Business Insights.

Suppose there was an exchange traded fund that focused on the single most important technology trend in the world today. You might think that I was smoking California's largest export (it's not grapes). But such a fund DOES exist. The Global X Robotics & Artificial Intelligence ETF (BOTZ) drops a golden opportunity into investors' laps as a way to capture part of the growing movement behind automation. The fund currently has an impressive $2.2 billion in assets under management.