Specialty funds can cover a wide range of investment themes and strategies, so it's important to note that this list may vary depending on the specific criteria used. However, here are five examples of popular specialty funds:
1) ARK Innovation ETF (ARKK) - This ETF seeks to invest in companies that are disrupting traditional industries and creating new markets. The fund's holdings include companies involved in technologies like genomics, artificial intelligence, and fintech.
2) iShares U.S. Aerospace & Defense ETF (ITA) - This ETF seeks to track the performance of the Dow Jones U.S. Select Aerospace & Defense Index. The fund holds a diversified portfolio of companies involved in the aerospace and defense industries, including manufacturers of commercial and military aircraft, missiles, and space systems.
3) VanEck Vectors Environmental Services ETF (EVX) - This ETF seeks to track the performance of the NYSE Arca Environmental Services Index. The fund holds a diversified portfolio of companies involved in waste management, recycling, pollution control, and environmental consulting.
4) Global X Robotics & Artificial Intelligence ETF (BOTZ) - This ETF seeks to invest in companies involved in the development and production of robotics and artificial intelligence technologies. The fund's holdings include companies involved in industries like manufacturing, healthcare, and transportation.
5) iShares Global Clean Energy ETF (ICLN) - This ETF seeks to track the performance of the S&P Global Clean Energy Index. The fund holds a diversified portfolio of companies involved in renewable energy and energy efficiency, including producers of solar, wind, and hydroelectric power.
Specialty funds can provide investors with exposure to specific investment themes or industries, which can have different performance patterns than broader market indices. However, it's important to note that specialty funds can also be more volatile and involve higher risks than more diversified funds. As with any investment, it's important to thoroughly research and understand the risks before investing.
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