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WisdomTree has launched the WisdomTree Physical AI, Humanoids, and Drones Fund (WDRN), a new exchange-traded fund that taps into the artificial intelligence and physical uses of this technology.

WDRN tracks price and yield performance, before fees and expenses, of the WisdomTree Physical AI, Humanoids, and Drones Index. The ETF has a total expense ratio (TER) of 0.45 per cent and is listed on the Cboe BZX Exchange, Wisdom Tree said in a statement yesterday.  

"Over the past several years, AI has largely been confined to the digital world, generating content, analyzing data, and assisting with decision-making. What's changing now is that AI is beginning to operate in the physical world as advances in models, computing, and robotics come together. We see this as a meaningful turning point in the AI journey," Christopher Gannatti, global head of research at the firm, said. 

The index gives exposure to global companies involved in physical AI activities, including humanoid and collaborative robots, autonomous drones and vehicles, AI-enabled manufacturing systems, warehouse and supply chain automation, and intelligent machines across sectors such as healthcare, construction, agriculture, and defense.