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Lyxor’s new ETF widens the reach of robotics and AI investing

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Lyxor has launched a new Robotics and AI ETF – Lyxor Robotics & AI UCITS ETF – which aims to harness the power of both man and machine, by utilising the in-depth knowledge of Société Générale’s thematic research team, the work of futurist and author Martin Ford, and the passive indexing capabilities of SG Index.

The Index tracked by Lyxor is built on a completely new classification, which uses a big data process to identify suitable robotics and AI companies. This starting universe of stocks which is eligible for Index inclusion is defined by SG’s Thematic Research Team, and futurist Ford. From this initial classification of 210 stocks, the Index selects the top 150 with the highest combined rankings for R&D Expenditures/net sales, Return on Invested Capital and three-year sales growth.
 
This more bespoke approach means Lyxor’s ETF captures companies that would not appear in a traditional robotics selection. As such it can reach beyond the firms involved in the development of robotics and AI, to include also those that use it in their business. With 150 stocks in the Index, Lyxor says its ETF is more diverse than other robotics and AI products in Europe, holding 50-70 per cent more stocks and spanning large, mid and small-cap companies across a wider range of sectors and geographies.
 
Chanchal Samadder, Head of Equity Product Development at Lyxor, says: “As the market develops, the Robotics and AI industry is likely to change significantly as more players create and adopt the technology. The unique universe captured by our ETF could really help investors stay at the forefront of this dynamic market.”
 
Robotics ETFs have attracted EUR1bn in new investment this year, increasing their assets to EUR3.7 billion. Analysts now predict companies in this area will generate USD90 billion in revenues by 2025.
 
The Lyxor Robotics & AI UCITS ETF is listed on the London Stock Exchange, Xetra and Borsa Italiana with a Total Expense Ratio of 0.40 per cent.

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