ETF Securities has announced that its Robo Global Robotics and Automation Go Ucits ETF, providing exposure to the global robotics and automation sector, will be physically-backed from 16 September 2016.
Also, the ETF provider said its product’s TER will be reduced to 0.80% from 0.95%.
Howie Li, co-head of Canvas at ETF Securities, said: “The Robo Global Robotics and Automation product is now well established, with around $80m in AUM (as at end August 2016) since its listing nearly two years ago.
“By making the product physically backed and cutting the TER, we are responding to investor demand to make this increasingly important investment theme more accessible to a broader range of European investors.”
He added that the move to physical-replication and cost reduction should further arouse investors’ interest and access to the megatrend formed by the fast growing robotics and automation sector.