Thematic ETFs are popular vehicles for firms to issue, but not all of them are successes.
For every slam-dunk ETF such as Exchange Traded Concept’s ROBO Global Robotics and Automation Index ETF (ROBO), which boasts over $1 billion in assets under management (AUM), there are a handful of similar but shuttered thematic ETFs.
One of the most recent closures was the Rogers AI Global Macro ETF (BIKR), which ceased trading in July. Despite having a popular theme—artificial intelligence—and having star power from its link with famed commodity investor Jim Rogers, the ETF floundered.
Read more here: https://www.etf.com/publications/etfr/alchemy-thematic-etfs