Related: The Growth Potential of the Robotics ETF

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.

The once-far flung concept of robotics is gaining some momentum. For example, the International Federation of Robotics expects that worldwide sales of robots will rise by 6 percent between 2014 and 2016, and over 190,000 industrial robots were supplied to companies around the globe in 2016.

ROBO’s “index is comprised of more than 80 rapidly developing companies spanning more than 14 countries that are categorized into 12 subsectors.” The index is licensed across four continents.

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