Global X Japan licenses Indxx Japan Robotics & AI Index for new ETF
The Indxx Japan Robotics & AI Index has been licensed by Japan based ETF Issuer Global X Japan as the underlying benchmark for the Global X Japan Robotics & AI ETF.
The Index is designed to track the performance of Japanese companies that are involved in the development of robotics and artificial intelligence (AI) or are expected to benefit from its increased adoption and utilisation.
Rahul Sen Sharma, Managing Partner at Indxx, says: “Japan has been at the leading edge of technological advancement for several decades, and Japanese companies are global leaders in the robotic and AI revolution that are disrupting sectors and industries on a global basis. Our Index provides targeted exposure to these leaders. We are very happy to partner with Global X Japan for another innovative launch.”
Vaibhav Agarwal, Chief Revenue Officer at Indxx, adds: “Our Product Development team has successfully created a robust set of construction rules that provide a targeted exposure to the growing Japanese robotics and artificial intelligence market in an efficient manner. Our Index captures companies driving automation across a myriad of themes such as industrial robots and automation, non-industrial robotics, unmanned vehicles and drones etc. We are very excited upon bringing this investment strategy to the Japanese market, with Global X Japan.”
Akihiko Kanamura, President of Global X Japan Co, Ltd, says: "We believe that the Japanese ETF market will continue to grow in the future on the trend of long-term, diversification, and low-cost in the wealth management. AUM of thematic ETFs is expanding in the US As a thematic and ESG related ETF pioneer in Japan, we aim to provide various investment means with investors in Japan.”
As of 23 June, 2021, the index has 32 constituents. It has a back tested date of 29 February, 2016, and a live calculation date of 21 May, 2021.