In response to investor demand, ETF Securities has converted its Global Robotics & Automation ETF in Europe to physically-backed and reduced the TER from 95 bps to 80 bps.
The ROBO Global Robotics and Automation GO UCITS ETF (ROBO) will be physically-backed from September 16th. Howie Li, Co-Head of Canvas, ETF Securities says: “The ROBO Global Robotics and Automation product is now well established, with around USD80 million in AUM since its listing nearly two years ago. By making the product physically backed and cutting the TER, we are responding to investor demand to make this increasingly important investment theme more accessible to a broader range of European investors.”
“We believe the world is in the early stages of a transformational new economic revolution, driven by the increasing adoption of sophisticated robotics and automation technologies across all aspects of industry and day-to-day life. ROBO, which we developed with ROBO Global, a recognised leader in robotics and automation investment solutions, offers investors a simple, liquid, risk adjusted and cost effective way to gain access to this automation and robotics megatrend. The move to physical-replication and cost reduction should further enhance investors’ interest and access to this opportunity.”