ROBO Global Robotics & Automation Index ETF (ROBO) Surpasses $2 Billion in Assets Under Management
January 18 2018 - 9:05AM
Business Wire
ROBO returned 49 percent to investors in the
last 12 months (Click here for ROBO’s standard performance as of
quarter end)
After doubling its assets in the last five months, the ROBO
Global Robotics & Automation Index ETF (Nasdaq: ROBO) crossed
the $2 billion assets under management (AUM) threshold.
ROBO, which tracks the ROBO Global Robotics & Automation
Index, returned 49 percent to investors in the last 12 months and
76 percent 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,” said
Travis Briggs, CEO of ROBO Global U.S.
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 $3.24 billion to date.
“Our team includes Ph.D.s 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 said.
“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.”
About ROBO Global
ROBO Global is the creator of the ROBO Global Robotics &
Automation Index Series, which provides comprehensive, transparent
and diversified benchmarks representing the value chain of
robotics, automation and artificial intelligence. ROBO Global
indices are used by a variety of investment vehicles listed on
multiple exchanges around the world. The index is comprised of over
80 stocks across 12 subsectors focused on the entire robotics and
automation value chain. The stocks include rapidly developing
companies in the global robotics and automation industry.
Based in Dallas, Texas, the firm leverages the vast expertise of
its leadership team and strategic industry advisors to help
investors capture the growth and return opportunities that
robotics, automation, and AI presents across nearly every industry
and every geography worldwide.
For more information, please
visit http://roboglobal.com/.
*All Data Sourced from Bloomberg as of 1/8/2018
Performance data quoted represents past performance and is no
guarantee of future results. Investment return and principal value
of an investment will fluctuate so that an investor`s shares, when
redeemed, may be worth more or less than the original cost. Current
performance may be lower or higher than the original cost.
Investing involves risk, including the possible loss of
principal. The risks associated with investments in Robotics and
Automation Companies include, but are not limited to, small or
limited markets for such securities, changes in business cycles,
world economic growth, technological progress, rapid obsolescence,
and government regulation. Robotics and Automation Companies,
especially smaller, start-up companies, tend to be more volatile
than securities of companies that do not rely heavily on
technology. Rapid change to technologies that affect a company's
products could have a material adverse effect on such company's
operating results.
There is no guarantee the fund will achieve its stated
objective. Opinions expressed above are not meant to be investment
advice. Indices are unmanaged and do not include the effect of
fees. One cannot invest directly in an index.
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20180118005192/en/
Gregory FCA for ROBO GlobalLeah Katsanis,
610-228-2117robo@gregoryfca.com
ROBO Global Robotics and... (AMEX:ROBO)
Historical Stock Chart
From Nov 2024 to Dec 2024
ROBO Global Robotics and... (AMEX:ROBO)
Historical Stock Chart
From Dec 2023 to Dec 2024