ROBO, 1st Robotics ETF, Goes Live

January 25, 2014

On Nov. 22, Exchange Traded Concepts launched a fund targeting the growing global robotics industry. It’s the first ETF to focus so tightly on robotics and automation.

The Robo-Stox Global Robotics and Automation Index ETF (ROBO) is based on the Robo-Stox Global Robotics and Automation Index, according to regulatory paperwork detailing the fund. It has an annual expense ratio of 95 basis points.

The 77-constituent index holds companies with market values greater than $200 million, whose main businesses are the technologies, services or devices that contribute to any type of robot, robotic action or automation system in realms including health care, manufacturing and military applications, as well as a few names in 3-D printing.

ROBO may also invest 20 percent in cash or money market funds, according to the prospectus.

Index Management Solutions is the fund’s subadvisor; the index was created by Dallas-based Robo-Stox, and is calculated by S&P.

 

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