International Federation of Robotics expects 1.7 million new robots to transform the world´s factories by 2020. Booming demand for artificial intelligence and robotics technologies explain why investors are flocking to ROBO.
In August, the ETF eclipsed $1 billion in assets under management. By late October, that total surpassed $1.5 billion. Today, ROBO has over $1.73 billion in assets under management.
“We constantly monitor for new robotics, automation and A.I. Companies,” said Capron in the interview. “Considering we only add public companies to the index, opportunities to add new names mostly arise when new companies come to market via an IPO or a spinoff. We also add companies when their business models shift to incorporate more revenue from robotics and A.I or when their technologies become relevant.”
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