Exchange Traded Concepts (ETC) has launched the ROBO-STOX Global Robotics and Automation Index ETF, the latest exchange-traded fund to begin trading through the firm’s low-cost, private-label ETF platform.
The new ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the ROBO-STOX Global Robotics and Automation Index – the world’s first index to benchmark the value of robotics, automation and related technologies.
The fund invests primarily in the equity securities of robotics and automation companies and seeks to help investors take advantage of the robotics trend as it continues to grow through capturing a representative portfolio of the industry.
“The growing affordability of robotic productivity gains, coupled with expanding technological capabilities, have moved this sector beyond the ‘tipping point,’ and the adoption of related technologies across multiple industries should continue to accelerate,” says Rob Wilson, chief executive officer of ROBO-STOX. “By introducing the first comprehensive and focused measure of the value of robotics, automation and related technologies, we are giving investors the world’s first benchmark by which to track the growing field of robotics.”
“Rob Wilson and his team at ROBO-STOX are another fantastic example of the kind of innovative and avant-garde partners ETC is lucky to have developed a relationship with,” says J Garrett Stevens, chief executive of Exchange Traded Concepts. “The cutting-edge concept and development of ROBO has been an exciting education for ETC and we are confident the time for a fund of this nature is now.”