Milestone Reached Only Five Months After Inception as More Investors Look to Capitalize on Worldwide Robotics Sector's Ongoing Expansion
DALLAS, March 11, 2014 -- ROBO-STOX LLC, the world leader in developing investment solutions targeting the robotics and automation space, announced today that the ROBO-STOX™ Global Robotics and Automation Index ETF (Ticker: ROBO), as of March 7, 2014, has grown to more than $100 million in assets under management since its inception on October 22, 2013.
Trading on NASDAQ through the Exchange-Traded Concepts platform, the Fund has returned 10.4 percent since inception and is trading at a net asset value of 27.45 as of March 06, 2014. By comparison, the S&P 500 increased by 7.6 percent during the same time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. *The inception date is 10/22/2013. The management fee is 0.95%. For performance data current to the most recent month end, please visit www.robostoxetfs.com. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 PM Eastern time, and do not represent the returns you would receive if you traded shares at other times.
The Fund follows the ROBO-STOX™ Global Robotics and Automation Index, the first benchmark index that specifically tracks robotics and automation companies. The index is composed of 78 domestic and international robotics- and automation-related firms that have market capitalizations of at least $200 million and meet listing criteria established by the S&P DJI Global Broad Market Index.
"The robotics and automation sector has reached a tipping point, with robots simultaneously becoming more sophisticated and less expensive to integrate," said Rob Wilson, Chief Executive Officer of ROBO-STOX. "Our exchange-traded fund gives investors an opportunity to benefit from the continued expansion of producers and suppliers within this dynamic and growing industry."
The Fund surpassed $75 million in assets under management as of January 28, 2014. Its rapid ongoing growth possibly coincides with the increase in the worldwide implementation of robots in various industries. For example, the International Federation of Robotics expects that worldwide sales of robots will rise by 6 percent between 2014 and 2016, and over 190,000 industrial robots will be supplied to companies around the globe in 2016. Furthermore, global companies such as Google, Apple and Amazon.com have been increasing their investments in and cooperation with the robotics sector.
"The robotics and automation industry historically attracted investment from venture capitalists in Silicon Valley, but as robots begin to play a much more influential role in manufacturing and other areas of global commerce, Wall Street and the broader universe of investors are taking notice," said Frank Tobe, Co-Founder of ROBO-STOX and Editor of The Robot Report, a news portal tracking the worldwide business of robotics. "Our Fund and index provide investors with a reliable yardstick to judge the performance of the worldwide robotics and automation sector as well as individual companies operating in the space."
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ROBO-STOX LLC is the creator of the first benchmark index to track the global robotics and automation market. Through the expertise of its leadership team and strategic advisors, ROBO-STOX looks worldwide to find new innovations in the robotics space, from companies of all sizes and verticals, to deliver the growth of robotics to investors - from individuals to institutions.
Headquartered in Dallas, Texas, ROBO-STOX is the recognized leader in developing investment solutions that target the robotics, automation and related technology sectors. To learn more about ROBO-STOX, obtain facts about the index and download pertinent information about the industry, please visit www.robostox.com.