ROBO returned 49 percent to investors in the last 12 months
DALLAS--(BUSINESS WIRE)--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.