Solactive has launched Solactive industrial robotics & automation index, a thematic index tracking companies providing robotics and automation solutions in an industrial context.
The index holds globally listed companies with a minimum market capitalization of USD 1 billion operating in sectors such as factory automation equipment, semiconductors, industrial machine parts, and programmable logic devices. It rules only select companies with positive one-year return. In this way, the composition is tilted towards companies whose success in these areas is corroborated by their stock’s performance over the previous twelve months.
Solactive industrial robotics & automation index offers investors the opportunity to capitalise on the digitisation trends affecting world economies, with a specific focus on the ongoing changes in the manufacturing and industrial sectors. The International Federation of Robotics has found that robotic density is rising globally in manufacturing industries. According to ABI Research, industrial robotic sales will triple by 2025, reaching an estimated annual revenue of about $45bn.
Solactive industrial robotics & automation index is equally-weighted and includes 30 constituents. Examples of components include Advanced Micro Devices, Intel Corp, and Rockwell Automation. To allow for sectoral diversification, each sector is allowed to account for a maximum of 30% of the index weight.
The most represented countries are US, Japan, and Germany. The Index is calculated as a Net Total Return (NTR) index and is published in USD. The composition is readjusted quarterly.