As various industries and sectors try to grow more efficient to maximize profits and minimize costs, more companies are turning to robotics and automation, and investors can tap into this potential area of growth through a targeted exchange traded fund.
ETF Trends publisher Tom Lydon spoke with William Studebaker, President & CIO of ROBO Global, at the Inside ETFs conference that ran Jan. 22-25, 2017 to talk about the transformational investment opportunity in robotics and automation.
“ROBO Global is a financial services firm,” Studebaker said. “They were actually the first to focus on robotics and automation, so we sort of had the intuitive insight – three, four years ago – to identify robotics automation as a truly transformational area to invest, and at the time, there really was not an opportunity for investors to invest.”
Consequently, ROBO Global created an index, which has served as the underlying benchmark for the ROBO Global Robotics & Automation Index ETF (NasdaqGM: ROBO), which provides exposure to global companies engaged in the business of robotics-related or automation-related industries. Robotics- or automation-related products and services include any technology, service or device that supports, aids or contributes to any type of robot, robotic action or automation system process, software or management.