Global X Funds’ Global X Robotics and Artificial Intelligence ETF (BOTZ) has surpassed USD450 million in assets under management just a year after launch.
BOTZ launched on 12 September, 2016 and tracks the Indxx Global Robotics & Artificial Intelligence Thematic Index.
According to data from ETF.com, by reaching USD450 million, BOTZ has become one of just eight ETFs launched since 1 January, 2016 to achieve this milestone. BOTZ has seen accelerated growth in recent months, with Global X announcing on June 12, 2017 that BOTZ had reached USD100m in assets by the end of May.
BOTZ offers investors access to a rapidly emerging technological theme of the application of robotics and artificial intelligence around the globe. The robotics industry is expected to grow 10 per cent per year, eclipsing USD80 billion in market size by 2020. The AI market is expected to reach USD5.1 billion by 2020, from just USD420 million in 2014. As of 9/12/2017, BOTZ has a global focus with more than 70 per cent of its exposure coming from outside of the US, including over 45 per cent coming from Japan.
“While the robotics & AI revolution is a long term theme that we believe will continue to play out over decades, industries across the globe are already embracing these technologies. Industrial manufacturing was among the first sectors touched by this burgeoning technology, but health care, defense, agriculture, and consumer products are all starting to adopt robotics and AI at an increasingly rapid pace,” says Jay Jacobs, director of research at Global X. “We brought BOTZ to market to offer investors an efficient tool to access this technological revolution, and we’re pleased to see that the market has been receptive. As we continue to watch these emerging technologies change the world around us, we’re excited for what the future has in store.”
