The bottom line
There's no shortage of AI-themed ETFs, and iShares Future AI & Tech ETF's approach isn't drastically different from its competitors. The iShares brand may offer some comfort, but its holdings and weighting methodology are fairly standard for the space.
The expense ratio is average for a thematic ETF but not cheap, and the benchmark change means there's limited historical data for its current strategy. Investors should compare iShares Future AI & Tech ETF against other AI funds before committing, as similar exposure may be available at a lower cost or with a longer track record.