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ROBO Global Robotics & Automation Index ETF (ROBO) surpasses USD2bn in AUM

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After doubling its assets in the last five months, the ROBO Global Robotics & Automation Index ETF (Nasdaq: ROBO) has crossed the USD2 billion assets under management (AUM) threshold.

ROBO, which tracks the ROBO Global Robotics & Automation Index, returned 49 per cent to investors in the last 12 months and 76 per cent since inception in fall 2013. The index, created by ROBO Global, is the first in the world to track the global robotics, automation and artificial intelligence (RAAI) sector.
 
“Investors across the world are embracing the robotics and artificial intelligence investment theme with open arms,” says Travis Briggs, CEO of ROBO Global US.
 
ROBO Global Indices are licensed in 11 countries and trade on nine exchanges throughout the U.S., Europe, Asia, Canada and Australia. Total AUM for investment products tracking the ROBO indices is USD3.24 billion to date.
 
“Our team includes PhDs deeply immersed in the fields of robotics and AI, and we have the distinction as the only index provider solely focused on the robotics revolution,” Briggs says. “We believe in the growth potential of robotics and AI, and we believe that this growth opportunity is a long-term investment journey still in its infancy.”

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