Investors looking to track the growth of robotics and automation can now turn to the Robo-Stox Global Robotics and Automation Index, a benchmark index for those market segments that announced its launch today.
Starting today, NASDAQ will also list the Robo-Stox Global Robotics and Automation Index Fund under the symbol “ROBO.”
The index includes a mix of 77 domestic and foreign robotics and automation companies and related businesses. The founders say the index is rebalanced on a quarterly basis and includes both “bellwether” stocks, or companies they believe reflect the performance of robotics and automation firms as a whole, and “non-bellwether” stocks, which are robotics- and automation-related companies they believe will generate higher revenue as their products and services grow.
The index was co-founded by Rob Wilson of Fusion Analytics Investment Partners, Chris Lightbound of GaveKal Capital and Frank Tobe of The Robot Report.
“The growing affordability of robotic productivity gains, coupled with expanding technological capabilities, have moved this sector beyond the ‘tipping point,’ and the adoption of related technologies across multiple industries should continue to accelerate,” said Wilson, who will serve as CEO of Robo-Stox LLC, in a statement. “By introducing the first comprehensive and focused measure of the value of robotics, automation and related technologies, we are giving investors the world’s first benchmark by which to track the growing field of robotics.”
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