ROBO Global Artificial Intelligence ETF (THNQ) launches on NYSE
ROBO Global, an industry pioneer in innovative investing strategies, has launched the ROBO Global Artificial Intelligence ETF in partnership with Exchange Traded Concepts (ETC).
THNQ tracks the ROBO Global Artificial Intelligence Index, which was designed to provide investors with a comprehensive, transparent, and diversified benchmark that represents the global value chain of artificial intelligence.
“The transformative power of AI is irrefutable,” says Travis Briggs, CEO of ROBO Global US. “Companies around the world are turning to AI to outpace their competition, and the proof points are in the data. The AI market is expected to reach USD390.9 billion by 2025 with AI technologies estimated to increase global economic output by USD13 trillion over the next decade.”
Built to capture the potential growth and returns presented by the AI technology and market leaders around the globe while simultaneously minimising risk, THNQ provides exposure to more than 60 stocks across 11 sub-sectors in 16 different countries. The portfolio includes companies developing the technology and infrastructure enabling AI, such as computing, data and cloud-services, as well as companies that apply AI in various verticals, from business processes to e-commerce and healthcare, among others.
“With a proven track record, ROBO Global is uniquely positioned to provide the underlying index for THNQ,” says Briggs. “Our team is exclusively focused on innovative technologies, and our strategic advisory board, stacked with seven PhDs, includes some of the world’s most prominent and celebrated robotics and AI researchers. Together, we have an intimate understanding of the entire AI ecosystem and how that value can be delivered to investors.”