Robotics ETF passes USD100m AUM
The ROBO-STOX Global Robotics and Automation Index ETF has grown to more than USD100m in assets under management since its inception on 22 October 2013.
Trading on Nasdaq through the Exchange-Traded Concepts platform, the fund has returned 10.4 per cent since inception and is trading at a net asset value of 27.45 as of 6 March. By comparison, the S&P 500 increased by 7.6 per cent during the same time period.
The fund follows the ROBO-STOX Global Robotics and Automation Index, the first benchmark index that specifically tracks robotics and automation companies. The index is composed of 78 domestic and international robotics- and automation-related firms that have market capitalisations of at least USD200m and meet listing criteria established by the S&P DJI Global Broad Market Index.
“The robotics and automation sector has reached a tipping point, with robots simultaneously becoming more sophisticated and less expensive to integrate,” says Rob Wilson, chief executive officer of ROBO-STOX. “Our exchange-traded fund gives investors an opportunity to benefit from the continued expansion of producers and suppliers within this dynamic and growing industry.”
The fund surpassed USD75m in assets under management as of 28 January 2014. Its growth coincides with the increase in the worldwide implementation of robots in various industries. For example, the International Federation of Robotics expects that worldwide sales of robots will rise by six per cent between 2014 and 2016, and over 190,000 industrial robots will be supplied to companies around the globe in 2016. Furthermore, global companies such as Google, Apple and Amazon.com have been increasing their investments in and cooperation with the robotics sector.
“The robotics and automation industry historically attracted investment from venture capitalists in Silicon Valley, but as robots begin to play a much more influential role in manufacturing and other areas of global commerce, Wall Street and the broader universe of investors are taking notice,” says Frank Tobe, co-founder of ROBO-STOX and editor of The Robot Report, a news portal tracking the worldwide business of robotics. “Our fund and index provide investors with a reliable yardstick to judge the performance of the worldwide robotics and automation sector as well as individual companies operating in the space.”
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