First Trust to Launch First Trust Nasdaq Artificial Intelligence and Robotics ETF
First Trust Advisors L.P. (“First Trust”), a leading exchange-traded fund (“ETF”) provider and asset manager, announced today that it expects to launch a new index-based ETF, the First Trust Nasdaq Artificial Intelligence and Robotics ETF (Nasdaq: ROBT) (the “fund”) on February 22, 2018. The fund seeks investment results that correspond generally to the price and yield, before the fund’s fees and expenses, of an index called the Nasdaq CTA Artificial Intelligence and Robotics Index (the “index”). The index, which is developed by Nasdaq and the Consumer Technology Association (“CTA”), is designed to track the performance of companies engaged in artificial intelligence (“AI”), robotics and automation.
Recent developments in AI and robotics are revolutionizing business and transforming our everyday lives. AI allows machines to complete various “human” tasks, enabling robots to solve problems and interact with their environments. “It is clear that the growing advances in AI and Robotics, while still in early days, are increasing the rate and impact of change,” said Dave Gedeon, Vice President and Head of Product Development for Nasdaq’s Global Indexes. “The Nasdaq CTA Artificial Intelligence and Robotics Index is a new way to benchmark the performance of the companies leading the charge in this dynamic sector,” said Gedeon.
“Many of the technological developments taking place in AI, robotics, and automation are astounding, and we believe there are strong incentives, in both the public and the private sector, to find ways to harness these innovations. As a leading provider of thematic ETFs, we are excited to offer ROBT as a way for investors to gain exposure to this dynamic investment theme,” said Ryan Issakainen, CFA, Senior Vice President, ETF Strategist at First Trust.
For more information about First Trust, please contact Ryan Issakainen at (630) 765-8689 or RIssakainen@FTAdvisors.com.
About First Trust
First Trust Advisors L.P., along with its affiliate First Trust Portfolios L.P., are privately held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $124 billion as of January 31, 2018 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. First Trust is based in Wheaton, Illinois. For more information, visit https://www.ftportfolios.com.
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