The ROBO Global Robotics & Automation Index ETF (ROBO) Turns 5
Five years ago, when the ROBO Global team partnered with Exchange Traded Concepts to launch the ROBO Global Robotics & Automation Index ETF (NYSE Arca: ROBO), it marked the first time such a strategy was available in the form of an investment vehicle. The increased investor appetite for exposure to this theme has been reflected in the assets of the fund, as the ETF crossed $2.08 billion in assets under management as of 9/30/2018.
“Our mission remains the same as it was five years ago – to provide investors turnkey access to the transformative power of robotics, automation and artificial intelligence (RAAI)”Tweet this
Launched on Oct. 21, 2013, ROBO tracks the ROBO Global Robotics & Automation Index. The fund, which has delivered a 68.85 percent cumulative return since inception, invests in over 80 of the most innovative companies across the globe, spanning 12 subsectors from manufacturing to healthcare to sensing.
“Our mission remains the same as it was five years ago – to provide investors turnkey access to the transformative power of robotics, automation and artificial intelligence (RAAI),” said Travis Briggs, CEO of ROBO Global U.S. “Ringing the closing bell at the NYSE, along with the help of our partners at Teradyne and Universal Robots, who will be providing a robot to ring the bell, is symbolic not only of the tremendous progress we’ve made over the last five years in RAAI investing, but what could lie ahead.”
The ROBO Global strategic advisory board boasts seven PhDs, three of which are Engelberger Award winners. These strategic advisors are some of the most highly regarded in the robotics and AI space and are instrumental in navigating the rapidly evolving RAAI landscape. This guidance helps ROBO stay on the cusp of future technology.
“These cutting-edge technologies, including artificial intelligence, will continue to transform the global economy,” Briggs added. “Our entire team is determined to provide investors with a portfolio that attempts to capture the growth potential of these industries.”
The following represents the performance as of 9/30/18 for ROBO at NAV and Market Price (NAV/MKT), respectively: 1 year, 9.24%/8.80%; Annualized Since Inception, 11.04%/10.9%. The performance data quoted represents past performance and does not guarantee future results. 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 costs. Current performance may be higher or lower than the performance quoted. For performance data current to the most recent month end, please call 1-855-456-7626. Inception Date: 10/21/13
About ROBO Global
ROBO Global is the creator of the ROBO Global® Robotics and Automation Index series, which provides comprehensive, transparent and diversified benchmarks representing the value chain of robotics, automation and artificial intelligence. With the expertise of our leadership team and strategic advisors from the industry, we help investors capture the growth and return opportunities presented by this megatrend across industries, from healthcare to industrials to consumer products. Our indices are used by a variety of investment vehicles listed on multiple exchanges around the world. We are present in Dallas, San Francisco, New York and London. www.ROBOGlobal.com
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.
Investing involves risk, including the possible loss of principal. International investments may also involve risk from unfavorable fluctuations in currency values, differences in generally accepted accounting principles, and from economic or political instability. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Narrowly focused investments and investments in smaller companies typically exhibit higher volatility. There is no guarantee the fund will achieve its stated objective.
These 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. Robotics and Automation Companies may rely on a combination of patents, copyrights, trademarks and trade secret laws to establish and protect their proprietary rights in their products and technologies. There can be no assurance that the steps taken by these companies to protect their proprietary rights will be adequate to prevent the misappropriation of their technology or that competitors will not independently develop technologies that are substantially equivalent or superior to such companies' technology.
Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Market price returns are based upon the midpoint of the bid/ask spread at the close of the exchange and does not represent the returns an investor would receive if shares were traded at other times. Brokerage commissions will reduce returns. NAVs are calculated using prices as of 4:00 PM Eastern Time.
This post does not have any comments. Be the first to leave a comment below.
Post A Comment
You must be logged in before you can post a comment. Login now.