NEW YORK, Feb. 20, 2018 /PRNewswire/ -- BNY Mellon, a
global leader in investment management and investment services, has
been appointed to provide custody and transfer agency services to
ROBO Global, creator of the world's first ETF to track the global
robotics, automation and artificial intelligence (RAAI) sector.
The ROBO Global Robotics & Automation Index ETF (Nasdaq:
ROBO) has more than doubled its assets in the last five months, and
recently crossed the US$2 billion
assets under management (AUM) threshold. The services were
transitioned from a previous provider seamlessly and converted to
BNY Mellon's asset servicing platform without business
interruption.
Travis Briggs, CEO of ROBO Global
US, said: "Investors across the world are embracing robotics and
artificial intelligence investment. By appointing BNY Mellon as our
asset servicing provider, we have now established a robust
foundation to meet the needs of our investors throughout their
investment lifecycle."
Jeff McCarthy, CEO, Exchange
Traded Products, BNY Mellon, said: "We pride ourselves on our
ability to deliver a technology platform, services, and depth of
expertise that scales to the needs of fast-growing ETF issuers.
This new appointment speaks to the power of our holistic
approach."
BNY Mellon helps global ETF issuers design, issue, distribute,
and manage funds. In addition to its core custody, fund accounting
and administration offerings, it offers issuers trading,
collateral, funding, liquidity management, ETF access and
distribution strategies. As of December 31,
2017, BNY Mellon supported 37 issuers offering 712 separate
portfolios in the U.S., Europe
with more than $424 billion in total
net assets.
About ROBO Global
ROBO Global is the creator of the first benchmark index to track
the global robotics and automation market, brings these solutions
to investors. Through the expertise of its leadership team and
strategic advisors, it searches worldwide to find cutting-edge
companies in the space. From healthcare to industrials to
aerospace, these companies span across a multitude of
industries.
The index is comprised of over 80 stocks focused on the entire
robotics and automation value chain. The stocks include rapidly
developing companies in the global robotics and automation
industry, covering over 15 countries across our 12 subsectors. With
indices listed on multiple exchanges, ROBO Global defines and
delivers the only index to target robotics and automation.
About BNY Mellon
BNY Mellon is a global investments company dedicated to helping
its clients manage and service their financial assets throughout
the investment lifecycle. Whether providing financial services for
institutions, corporations or individual investors, BNY Mellon
delivers informed investment management and investment services in
35 countries and more than 100 markets. As of Dec. 31, 2017, BNY Mellon had $33.3 trillion in assets under custody and/or
administration, and $1.9 trillion in
assets under management. BNY Mellon can act as a single point of
contact for clients looking to create, trade, hold, manage,
service, distribute or restructure investments. BNY Mellon is the
corporate brand of The Bank of New York Mellon Corporation (NYSE:
BK). Additional information is available on www.bnymellon.com.
Follow us on Twitter @BNYMellon or visit our newsroom
at www.bnymellon.com/newsroom for the latest company
news.
Contact:
Christopher Fox
917-470-4689
christopher.fox@bnymellon.com
View original
content:http://www.prnewswire.com/news-releases/robo-global-robotics--automation-index-etf-robo-appoints-bny-mellon-as-new-custodian-and-securities-lending-agent-300600173.html
SOURCE BNY Mellon
