ROBO Global Robotics & Automation Index ETF (ROBO) Appoints BNY Mellon as New Custodian and Securities Lending Agent
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.
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.