Guess Who Is Going to Ring the Closing Bell at NASDAQ on Tuesday: A Robot

Yes, you read that heading right. On Tuesday, November 14, 2013, a robot will be ringing the closing bell at NASDAQ (NDAQ). This is to celebrate the launch of a brand new robotics industry ETF. The ETF, ticker symbol ROBO, is predicated on an index licensed from Robo-Stox™ LLC.

This is the first time the NASDAQ bell has been rung by a robot; the first benchmark index providing a comprehensive and focused measure of robotics, automation and related technologies; and the first time individual and institutional investors have a cost-efficient way to capitalize on the momentum of the robotics and automation sector, regardless of geographic limitations.

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 WallStreetNewsNetwork.com.