SEARCH
New robotics-focused ETF added to ASX
New robotics-focused ETF added to ASX
A new ETF that focuses on companies specialising in artificial intelligence, robotics and automation has been issued by ETF Securities Australia.
The ETF Securities ROBO Global Robotics and Automation ETF (ROBO), which tracks the ROBO Global Robotics and Automation Index, began trading on the ASX yesterday.
A spokesperson told Adviser Innovation's sister site InvestorDaily that ETF Securities will pay a fee to ROBO Global for its use of the index.
According to a statement by ETF Securities, the robotics economy is estimated to be worth US$1.2 trillion by 2025, driven by demand for higher productivity and applications in various industries.
Commenting on the launch of the ETF, head of ETF Securities Australia Kris Walesby said, "The robotics and automation industries are part of a global megatrend which is expected to outperform the broader market in coming decades.
"ROBO Global is the pioneer in this area, having created the first robotics and automation ETF on the NASDAQ in 2013, and continues to work with a strategic advisory team including leading robotics experts.
"We're excited to be partnering with them to offer local investors a unique opportunity to buy into a spread of transformational technologies which might otherwise be challenging to invest in."
ROBO tracks 83 stocks in small- and mid-cap companies in 12 sub-sectors across more than 15 companies and avoids "more mature technology names which may lack innovation", according to the statement.
ROBO Global managing partner and chief executive for EMEA Richard Lightbound said ROBO Global believed it was important for investors' portfolios to "have early exposure to this theme".
"The world is clearly entering one of the most transformational periods in robotics, automation and artificial intelligence," he said.
"Robotics is no longer a niche theme but rather a foundational technology that will soon be applied to virtually all industries and markets.
"The investment opportunity here is significant and if captured correctly the growth prospects from companies within the industry is huge."
Currently, no Australian stocks are on the ROBO index.
Subscribe to our Newsletter
We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians
Your email address will be shared with nestegg and subject to our Privacy Policy
latest articles
OUR PLATFORMS AND BRANDS
- Accountants Daily
- Accounting Times
- Adviser Innovation
- Australian Aviation
- Broker Daily
- Cyber Daily
- Defence Connect
- Fintech Business
- HR Leader
- Independent Financial Adviser
- Investment Centre
- Investor Daily
- Lawyers Weekly
- Money Management
- Nestegg
- Property Buzz
- Real Estate Business
- Smart Property Investment
- SMSF Adviser
- Space Connect
- Super Review
- The Adviser
- Wellness Daily
- World of Aviation
EVENTS AND SUMMITS
- Accountants Daily 30 Under 30 Awards
- Adviser Innovation Summit
- Australian Accounting Awards
- Australian Aviation Awards
- Australian Broking Awards
- Australian Defence Industry Awards
- Australian Law Awards
- Australian Space Awards
- Australian Space Summit
- Better Business Summit & Awards
- Broker Daily Business Awards
- Corporate Counsel Summit & Awards
- Cyber Security Summit & Awards
- Defence Connect Budget Lunch
- Defence Connect DSR Summit
- Fund Manager of the Year Awards
- ifa Excellence Awards
- ifa Future Forum
- Investor Daily ESG Summit
- Lawyers Weekly 30 Under 30 Awards
- Lawyers Weekly Women in Law Forum
- New Broker Academy
- Partner of the Year Awards
- REB Awards
- Reinnovate
- SME Broker Bootcamp
- SMSF Adviser Technical Day
- Super Fund of the Year Awards
- Women in Finance Awards
- Women in Law Awards
- Accountants Daily Podcast Network
- Australian Aviation Podcast Network
- Broker Daily Podcast Network
- Defence Connect Podcast Network
- HR Leader Podcast Network
- REB Podcast Network
- Relative Return
- Space Connect Podcast
- The Adviser Podcast Network
- The ifa Show
- The Lawyers Weekly Show
- The Smart Property Investment Show
PODCASTS
LEARNING AND EDUCATION
MOMENTUM MARKETS NETWORK
LINKS
STAY CONNECTED
Subscribe to the Adviser Innovation eNewsletter.
