The ROBO Global Robotics & Automation Index ETF (ROBO) Turns 5
Five years ago, when the ROBO Global team partnered with Exchange Traded Concepts to launch the ROBO Global Robotics & Automation Index ETF (NYSE Arca: ROBO), it marked the first time such a strategy was available in the form of an investment vehicle. The increased investor appetite for exposure to this theme has been reflected in the assets of the fund, as the ETF crossed $2.08 billion in assets under management as of 9/30/2018.
Launched on Oct. 21, 2013, ROBO tracks the ROBO Global Robotics & Automation Index. The fund, which has delivered a 68.85 percent cumulative return since inception, invests in over 80 of the most innovative companies across the globe, spanning 12 subsectors from manufacturing to healthcare to sensing.