iShares Exponential Technologies ETF (NASDAQ:XT) focuses on investing in global companies engaged in developing and using exponential technologies. These technologies include innovations in fields like information technology, robotics, autonomous vehicles, digital biology, and nanotechnology. The objective of the ETF is to provide investors exposure to businesses that stand to benefit substantially from technological advancements and innovation. By tracking the Morningstar Exponential Technologies Index, it aims to capture growth across sectors driven by cutting-edge technological developments. The fund's strategy is to invest across a diverse range of companies and industries worldwide, thus providing a balanced mix of opportunities in the exponential technologies space for its investors.