The ROBO-STOX Global Robotics and Automation Index ETF has amassed more than USD25m in assets under management as of 30 November 2013.
The fund became available to investors on Nasdaq through the Exchange-Traded Concepts platform on 22 October.
“The rapid accumulation of assets in our exchange-traded fund provides evidence of the overwhelming interest from investors in the worldwide robotics and automation sector,” says Rob Wilson, chief executive officer of ROBO-STOX. “As this industry continues to expand its influence in many sectors of the global marketplace, our ETF offers investors the chance to capitalise on the performance of those robotics and automation companies that possess the most promising growth potential.”
The ETF tracks the ROBO-STOX Global Robotics and Automation Index, the first benchmark index dedicated to following robotics and automation companies. To mark the ETF’s launch, ROBO-STOX teamed up with Universal Robots, the Danish manufacturer of industrial robots, to have a robot ring the closing bell at the NASDAQ MarketSite in New York’s Times Square on 12 November 2013.
“ROBO-STOX combines investment and robotics expertise to provide investors with trustworthy guidance for benefiting from the growing number of investment opportunities related to this emerging industry,” says Frank Tobe, co-founder of ROBO-STOX and editor of The Robot Report, a robotics news portal tracking the worldwide business of robotics. “Our index serves an important purpose as a benchmark by which investors can evaluate potential robotics and automation investments.”