There Are Lots of Ways to Invest in Artificial Intelligence (AI). Avoid This One.

The WisdomTree Artificial Intelligence and Innovation Fund (NYSEMKT: WTAI) is yet another exchange-traded fund (ETF) product that Wall Street is looking to sell to investors. That's not an idle statement because the sponsor is charging a fairly material 0.45% expense ratio for what amounts to a product tied to a hot investment theme.

Be careful if you are considering WisdomTree Artificial Intelligence and Innovation Fund; you'd probably be better off in an S 500 index ETF.

WisdomTree's offering is an index-based ETF, so, technically, all that WisdomTree does is match the portfolio to that of the index. The real question, then, is what is the index that WisdomTree Artificial Intelligence and Innovation Fund follows? That would be the WisdomTree Artificial Intelligence Innovation Index. To WisdomTree's credit, it provides a link to the index right in the objective statement. Far too many ETFs make you search for this information on your own.

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Source Fool.com