First ETF Launches With Exposure To Robotics Sector

October 27, 2014

ETF Securities has teamed up with ROBO-STOX to launch the first European exchange traded fund providing exposure to the global robotics and automation sector.

The ROBO-STOXGlobal Robotics and Automation GO UCITS ETF (ROBO LN) is listed on the London Stock Exchange and is Europe’s only global robotics and automation ETF.

According to a note from ETF Securities, in the last 10 years, the worldwide annual supply of industrial robots more than doubled from 80,000 units in 2003 to more than 170,000 in 2013.

It is thought that the rise of the internet age, rapid advances in technology such as machine vision, motion sensors and image and voice recognition are catalysts for growth in the robotics sector. The note from ETF Securities explained that this widens their [robotics] application to an incredible array of industries and applications, namely across sectors such as manufacturing, services, healthcare and exploration, in addition to the automotive industry where penetration of robotics is more advanced.

Howie Li, Co-Head of Canvas, ETF Securities said in a statement: “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.”

The ETF is listed on the LSE in U.S. dollar, sterling and euro. It has a total expense ratio of 0.95 percent.


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