ROBO follows a two-tiered, equal-weighted system that ensures the strategy provides diversified exposure to a broad global ecosystem of new and enabling technologies as well as established automation/robotic providers. The ETF holds 92 stocks.
The robotics ETF’s portfolio may also provide exposure to companies with sustainable growth opportunities, as the underlying ROBO Global Robotics & Automation Index has exhibited attractive sales growth, EBITDA growth and earnings-per-share growth. The underlying index has even outperformed the broader technology and S&P 500 index since the 2008 financial downturn.
ROBO Global said there is now $1.6 billion allocated, on an international basis, its robotics index. That includes products in Europe and Asia tracking the benchmark.
Year-to-date, investors have added $828.6 million to ROBO. The ETF charges 0.95% per year, or $95 on a $10,000 investment.
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