November 12, 2013 > Robots on Stock Exchange
Robots on Stock Exchange
Submitted By Frank Tobe
Next, a robot will ring the closing bell on Tuesday, November 12, 2013 for the NASDAQ stock exchange celebrating a brand new robotics industry ETF (a mutual fund traded on a stock exchange). The ETF, ticker symbol ROBO, is predicated on an index licensed from Robo-Stoxª LLC.
There are a number of ÒfirstsÓ involved: The first time the NASDAQ bell has been rung by a robot; the first benchmark index providing a comprehensive and focused measure of robotics, automation and related technologies; and the first time individual and institutional investors have a cost-efficient way to capitalize on the momentum of the robotics and automation sector, regardless of geographic limitations.