ETFS ROBO Global Robotics and Automation ETF

ETF Securities, together with US based specialist robotics and automation index and research provider, ROBO Global®, have launched Australia's first global robotics and automation ETF (ASX: ROBO).

The ETFS ROBO Global Robotics and Automation ETF (the Fund) aims to provide investors with a return that tracks the performance of the ROBO Global® Robotics and Automation Index (the Index).

Commenting on the launch, Richard Lightbound, managing partner and chief executive for EMEA at ROBO Global said: "The world is clearly entering one of the most transformational periods in robotics, automation and artificial intelligence (RAAI).Robotics is no longer a niche theme but rather a foundational technology that will soon be applied to virtually all industries and markets.

He added: "The investment opportunity here is significant and if captured correctly the growth prospects from companies within the industry is huge. We believe it is important for investors to ensure their portfolios have early exposure to this theme."

According to ETF Securities, the Fund will track the performance of 83 stocks from 12 high-growth sub-sectors, focusing on particularly innovative small and mid-caps and avoiding more mature technology names which may lack innovation.