A robotics- and automation-related investment fund says it now has $1.5 billion under management.
The Robo Global Robotics & Automation exchange-traded fund (ROBO) is celebrating four years on the Nasdaq stock exchange.
Robo Global is said to be the first robotics-related investment fund, and says so far this year, it has delivered a total return of 37.73 percent.
Comprised of 85 securities that span 14 countries, the fund invests in the robotics, automation and artificial intelligence sectors, as defined by the ROBO Global Robotics & Automation Index.
A team of financial and robotics experts, including five PhDs, constructed the index that the ROBO ETF tracks, says the company.
Travis Briggs, CEO of Robo Global US, says: “From the beginning, our goal was to compile a world-class team of researchers and investment experts so investors had a turnkey way to access the exciting robotics revolution.”
Robo Global’s Index has been licensed across four continents, and Briggs says that the team “remains interested in finding and working with new partners”.
Briggs says: “The response to the concept of investing in robotics has been overwhelming and gratifying, and we are committed to dedicating 100 percent of our resources to understanding and unlocking the potential value of this multi-decade investment opportunity.”