DALLAS--(BUSINESS WIRE)--The ROBO Global Robotics & Automation Index ETF (ROBO) recently surpassed $1 billion in assets under management (AUM), achieving that key benchmark less than four years after launching.
The ETF tracks the ROBO Global Robotics & Automation Index, which is the brainchild of a team deeply entrenched in the robotics industry who created the innovative methodology. The Index and subsequent ETF offer investors access to the entire value chain of robotics, automation and artificial intelligence. The ROBO Global Robotics & Automation Index is comprised of 83 global companies from 14 countries in North America, Europe, Asia and the Middle East and offers almost no overlap with traditional equity indices.
ROBO crossed the $1 billion AUM mark on August 8th. Combined with a growing number of funds in Europe and Asia also tracking the ROBO Global Index total AUM is now well over $1.6 billion.
“As the Index provider to ROBO, we’d like to sincerely thank the investors who have embraced our methodology and placed their trust in our boutique firm. We don’t take that lightly, and that’s why we have assembled the premier robotics investing team and advisory board to singularly focus on this sector and investor return,” said Travis Briggs, CEO of ROBO Global US. “Our Index was carefully constructed to give our investors diversified access to the large, mid and small-cap companies that are at the forefront of the robotics revolution that is changing the way we consume goods and how companies conduct business.”
ROBO Global licensed its Index to leading turnkey ETF platform Exchange Traded Concepts (ETC) to develop the ETF.
“We are grateful to ETC for their support and for a wonderful partnership over the years,” Briggs added.
“Exchange Traded Concepts is fiercely supportive of our partners who come to us looking to take an innovative idea to the next level,” said J. Garrett Stevens, CEO of ETC. “The market has spoken, and there is clearly an appetite for pure play exposure to the robotics industry, a concept that appeals to retail investors and financial advisors, as well as institutional investors.”
About ROBO Global
The ROBO Global Robotics & Automation ETF (Nasdaq: ROBO) offers investors broad access to a broad basket of 83 companies that stand to potentially benefit from the increased adoption of robotics, automation and artificial intelligence within the 12 subsectors as identified by the ROBO Global Robotics Classification System. The ROBO ETF was launched on October 22, 2013 and is the only US Robotics ETF with over a three-year track record on Morningstar. For more information, please visit www.roboglobaletfs.com.
About Exchange Traded Concepts
Exchange Traded Concepts is the leading investment advisor with a turnkey ETP platform that provides time sensitive and cost-effective methods to bring an exchange-traded fund to market. Seasoned ETF professionals have the experience plus the industry expertise required to navigate the complexities of launching, marketing, distributing and managing an ETF. ETC provides firms with the guidance necessary to maintain full regulatory compliance. With 20 funds and more than $3.5 billion in AUM, ETC is the recognized leader in helping firms develop intelligent investment solutions within the ETF universe for all types of asset classes.
Carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and additional information can be found on the Funds' full or summary prospectus, which may be obtained at www.roboglobaletfs.com. Read the prospectus carefully before investing.
Exchange Traded Concepts, LLC serves as the investment advisor, and Vident Investment Advisory, LLC serves as a sub advisor to the fund. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates.
Investing involves risk, including the possible loss of principal. International investments may also involve risk from unfavorable fluctuations in currency values, differences in generally accepted accounting principles, and from economic or political instability. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Narrowly focused investments and investments in smaller companies typically exhibit higher volatility. There is no guarantee the fund will achieve its stated objective.