October 21, 2023, marked the 10th anniversary of the ROBO Global Robotics & Automation Index ETF (Ticker: ROBO), the first exchange-traded fund (ETF) with a focus on robotics, automation and artificial intelligence. Exchange Traded Concepts, advisor of the ROBO ETF, and VettaFi, the index provider, will be ringing the Opening BellÒ to celebrate this milestone today. They will also be joined by a select group of clients and partners.
ETC partnered with ROBO Global, now part of VettaFi, in 2013 to start a fund that invests in global companies that are driving transformative innovations in robotics, automation, and artificial intelligence (RAAI), across developed and emerging markets. By year four, ROBO reached $1 billion in assets under management and remains the largest of three ROBO Global ETFs advised by ETC.
Fast-forward a decade, and the landscape has transformed with the emergence of ChatGPT. Robotics, automation, and AI are no longer mere buzzwords; they have become fundamental drivers of progress across industries.
“As we celebrate the 10th anniversary of the ROBO ETF, we look forward to the future with even greater anticipation,” says J. Garrett Stevens, CEO of Exchange Traded Concepts.
The ROBO ETF invests across 14 different countries and takes a multi-cap approach, meaning it invests in small companies, large companies and everything in between.
“This strategy, a pioneering approach in thematic investing, invites investors into a growing tech space, where innovation knows no bounds, and the portfolio thrives on industry dynamism,” says Zeno Mercer, Senior Research Analyst at VettaFi.
