Monday, August 19, 2013

The New ETF Specializing in Robot Stocks

There seems to be an Exchange Traded Fund, also known as an ETF,for every country, every sector, and every industry. Well, I thought all the industries were all covered, but now there is a new one.

The Robo-Stox Global Robotics and Automation Index ETF (ROBO) is a passive investment that invests in robotics and automation countries around the world. The portfolio will hold very liquid stocks with a market cap greater than $200 million. It is sponsored by Exchange Traded Concepts, and the management fee will be 0.95%.

According to the Robo-Stox's filing with the SEC:

The Fund will normally invest at least 80% of its total assets in securities of the Index or in depositary receipts representing securities of the Index. The Index is designed to measure the performance of robotics-related and/or automation-related companies. Companies eligible for inclusion in the Index will derive a significant portion of revenues and profits from robotics-related and/or automation-related products and/or services, as determined by the Index Provider, Robo-Stox LLC (“Robotics and Automation Companies”). Such products and/or services include any technology, service or device that supports, aids or contributes, in any capacity, to any type of robot, robotic action and/or automation system process, software or management. Under normal circumstances, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of Robotics and Automation Companies. This investment policy may be changed without shareholder approval, upon 60 days’ notice to shareholders.

By the way, if you want a free list of stocks involved in the robotics industry, go to

No comments: