Invest in the Future: Exploring the Top Internet of Things ETFs
With the rise in connected devices and increasing adoption of automation technology, the Internet of Things (IoT) is one of the fastest-growing segments of the tech industry. More and more investors are looking to capitalize on this trend by investing in IoT ETFs to secure their future. Here, we’ll explore the top IoT ETFs that can help you secure a better future.
The Benefits of Investing in IoT ETFs
Investing in IoT ETFs can provide various advantages that traditional investing methods cannot. ETFs are a much more cost-effective way to invest in a diverse range of stocks. Furthermore, IoT ETFs are an excellent way to enter the IoT market, providing access to a broad range of opportunities and long-term prospects.
Top IoT ETFs to Invest in
1. Global X Internet of Things ETF (SNSR)
Launched in Sept 2016, Global X Internet of Things ETF (SNSR) is considered the most highly rated IoT ETF. It comprises companies that manufacture and develop IoT infrastructure, software, sensors, and semiconductors. So far, the fund has been successful, with assets worth $2.9 billion as of November 2021, proving that it’s an attractive investment proposition.
2. First Trust NASDAQ CEA Cybersecurity ETF (CIBR)
This IoT ETF offers exposure to cybersecurity companies that specialize in detecting, preventing, and mitigating cybersecurity threats and providing solutions to protect the growing IoT ecosystem. The fund has over $6.5 billion in assets under management.
3. Invesco WilderHill Clean Energy ETF (PBW)
Although this isn’t explicitly an IoT ETF, the rising demand for clean energy and the IoT are inseparably linked. PBW ETF enables investors to access the exciting opportunities and advancements of IoT technology relating to clean energy. PBW has the most significant exposure to renewable energy companies focused on distributed generation technologies and remains popular with investors, with assets under management of over $9.04 billion as of November 2021.
Closing Thoughts
Investing in IoT ETFs is an excellent option to leverage the growth in internet-connected devices and automation technologies. However, as with any investment, you must research and choose your ETF carefully. The above-listed IoT ETFs are some of the top options for investors in this space, and they can help you achieve your investing goals, both in the short and long-term. So, take your time, research the options, and invest wisely for a better and more secure future.
