October 29, 2013 > Robot Report column
Robot Report column
A brand new robotics ETF has been launched by Exchange Traded Concepts. It is something I've dreamed of and worked towards for six years. The Robo-Stox(TM) Global Robotics & Automation Index is the first benchmark index to provide a comprehensive and focused measure of the value of robotics, automation and related technologies. It empowers investors to capitalize on the continuing worldwide growth in robotics. The new fund is available to trade on NASDAQ, ticker ROBO.
October 22, 2013
ROBO-STOX LLC, the world leader in developing investment solutions targeting the robotics and automation space, has launched the ROBO-STOXª Global Robotics and Automation Index (Bloomberg: ROBO/ROBOTR), the first benchmark index dedicated to this burgeoning industry.
ÒThe growing affordability of robotic productivity gains, coupled with expanding technological capabilities, have moved this sector beyond the Ôtipping point,Õ and the adoption of related technologies across multiple industries should continue to accelerate,Ó said Rob Wilson, Chief Executive Officer of ROBO-STOX. ÒBy introducing the first comprehensive and focused measure of the value of robotics, automation and related technologies, we are giving investors the worldÕs first benchmark by which to track the growing field of robotics.Ó
The Index consists of 77 domestic and foreign robotics and automation companies that meet listing criteria for the S&P DJI Global Broad Market Index. Since pure-play robotics companies are extremely rare, ROBO-STOX evaluates companies across industries, objectives, geographic locations and market capitalizations to find innovative firms that can fuel productivity and economic growth for years to come.
The composite includes a mixture of ÒbellwetherÓ stocks (securities of companies that the ROBO-STOX Index Committee believes reflect the performance of robotics and automation firms as a whole) and Ònon-bellwetherÓ stocks (securities of robotics- and automation-related companies the Index Committee believes will generate higher revenue as their products and services grow). The Index is rebalanced on a quarterly basis, and is usually weighted 40 percent toward bellwether stocks and 60 percent toward non-bellwether stocks. Companies can be deleted from the Index at any time at ROBO-STOXÕs discretion.
ÒThe combination of investment experience and in-depth robotics expertise makes ROBO-STOX uniquely equipped to give investors the truly actionable knowledge they need to fully capitalize on this sector,Ó said Frank Tobe, Co-Founder of ROBO-STOX and Editor of The Robot Report, a robotics news portal tracking the worldwide business of robotics. ÒThe ROBO-STOX Global Robotics and Automation Index provides investors with a cost-efficient and globally diversified investment vehicle that can take advantage of this emerging field as its importance to the worldwide economy continues to increase.Ó
To learn more, visit www.robostox.com.