The ROBO “index is also passive in that it takes a rules-based approach to weighting companies. Its rules overweight small and mid caps, reflecting the view that smaller companies are more innovative than large bureaucratised multi-nationals. It then ensures diversification by bringing constituents into near-equal weight,” according to ETF Stream.
The US-listed ROBO ETF had $2.21 billion in assets under management as of June 20, making its Australia-listed counterpart seem small by comparison. However, Australia’s ETF market is far smaller than the U.S. and thematic ETFs are just starting to attract investors’ attention down under, indicating the ETF Securities Global Robotics and Automation ETF ascent to $100 million in assets is a noteworthy accomplishment.
An ETF tracking the ROBO Global Index that trades in London has over $1.2 billion in assets.
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