ETF Securities has partnered with Robo-Stox to launch the first European ETF providing exposure the global robotics and automation sector.
Robo-Stox Global Robotics and Automation GO Ucits ETF (ROBO LN) has been listed on the London Stock Exchange.
“Europe’s first and only global robotics and automation ETF will provide investors with a simple, liquid and cost effective way to gain access to this rapidly evolving new megatrend in industry sectors that are growing fast.
“The Robo-Stox Global Robotics and Automation Ucits Index enables investors to track the sector in a highly diversified and dynamic way, ensuring it evolves with new growth trends as they emerge,” ETF Securities said.
The index today comprises of 82 constituent companies involved in the global robotics and automation industry globally. The Index constituents are selected from the Robo-Stox Industry Classification by reference to a series of filters including that they must be listed on a recognised global stock exchanges and satisfy minimum criteria relating to market capitalisation and average daily value traded.
Within the index, a two-tiered, equal weighting approach captures robotic ‘pure plays’, currently 40% of the index, and stocks with robotic segments, currently 60%. The constituents are reviewed and rebalanced on a quarterly basis.
The ETF will be listed in three currency lines (GBP, EUR, US$) on the London Stock Exchange and registered for distribution in the United Kingdom, Ireland, France, Germany, the Netherlands, Italy, Norway, Denmark, Sweden, Finland, Spain and Luxembourg.
Howie Li, co-head of Canvas, ETF Securities comments: “We are delighted to partner with Robo-Stox the recognised leader in robotics and automation investment research, to launch this innovative ETF in an exciting growth sector that no other industry classification body has been able to separately identify to date. This investment solution will provide investors with a global portfolio of listed robotics and automation companies that capture activity from both emerging and established organisations that are highly diversified across countries, sectors and market capitalisation.”
Richard Lightbound, Partner & CEO, Robo-Stox Partners Ltd., added: “We believe the world is in the early stages of a transformational new economic era, driven by the increasing adoption of sophisticated robotics and automation technologies across all aspects of industry and day-to-day life. ETF Securities’ unique Canvas platform and the team’s experience in bringing innovative investment products to market will help us pioneer European investment in this fast growing sector.”