New Robo-Stox ETF surpasses $25 million in managed assets

Stock Market

As of the end of November, following its first full month of operation, the Robo-Stox Global Robotics and Automation Index ETF has amassed more than $25 million in assets under management, its founders reported today. The exchange-traded fund became available to NASDAQ investors on Oct. 22.

“The rapid accumulation of assets in our exchange-traded fund provides evidence of the overwhelming interest from investors in the worldwide robotics and automation sector,” Rob Wilson, CEO of Robo-Stox, said in a statement. “As this industry continues to expand its influence in many sectors of the global marketplace, our ETF offers investors the chance to capitalize on the performance of those robotics and automation companies that possess the most promising growth potential.”

The fund also got to have a little fun during its first month, when a UR5 robot arm from Universal Robots rang the NASDAQ closing bell to mark the ETF’s launch. You can see a video of that “robot first” here: Universal Robots’ UR5 rings the closing bell at NASDAQ for Robo-Stox

NASDAQ lists the fund under the symbol “ROBO.”

[ image courtesy of worradmu / FreeDigitalPhotos.net ]

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