Welcome!

News Feed Item

ROBO-STOX™ Global Robotics And Automation ETF Achieves More Than $75 Million In Assets Under Management

Fund's Rapid Growth Could Suggest Strong Investor Interest in Robotics Sector's Accelerating Progress

DALLAS, Feb. 6, 2014 /PRNewswire/ -- ROBO-STOX LLC, the world leader in developing investment solutions targeting the robotics and automation space, has announced that the ROBO-STOX™ Global Robotics and Automation Index ETF (Ticker: ROBO) grew to more than $75 million in assets under management as of January 28, 2014.

The Fund became available to investors on NASDAQ through the Exchange-Traded Concepts platform on October 22, 2013, and as of February 4, 2014, the Fund's shares were trading at 2.8 percent above their $25 initial public offering. By comparison, the S&P 500 increased by .6 percent during the same period. Also as of February 4, 2014, the Fund's net asset value had risen by 2.12 percent since the IPO. 


Calendar Quarter End as of 12/31:


Cumulative Since Inception*

Fund NAV

8.04%

Closing Price

9.32%

S&P 500 Index

6.40%

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. *The inception date is 10/22/2013. The management fee is 0.95%. For performance data current to the most recent month end, please visit www.robostoxetfs.com. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.  Market price returns are based upon the midpoint of the bid/ask spread at 4:00 PM Eastern time, and do not represent the returns you would receive if you traded shares at other times.

The Fund's growth over the past three months potentially reflects the surge of Wall Street interest in the robotics and automation sector. Banks, brokerages and research institutions have highlighted robotics and advanced manufacturing as industries that are well-positioned for additional expansion. For example, Bank of America's U.S. Trust 2014 Investment Strategy Overview stated that the proliferation of robots will likely become further solidified this year. In addition, the Massachusetts Institute of Technology's MIT Technology Review listed 3-D printing technology for automated precision manufacturing as one of the 10 breakthrough technologies of 2013.

"The past year was a breakout one for the robotics and automation sector as Wall Street and the wider investment community took notice of the industry's progress on a variety of fronts," said Rob Wilson, Chief Executive Officer of ROBO-STOX. "As more and more businesses around the world incorporate robots into their operations, investors can utilize our Fund to participate in the accelerating growth of this sector."

ROBO-STOX's ETF tracks the ROBO-STOX Global Robotics and Automation Index, the first benchmark index dedicated to following robotics and automation companies. The quarterly rebalanced composite includes 78 domestic and international robotics- and automation-related firms that meet the S&P DJI Global Broad Market Index's listing criteria. To mark the ETF's launch, ROBO-STOX teamed up with Universal Robots, the Danish manufacturer of industrial robots, to have a robot ring the closing bell at the NASDAQ MarketSite in New York's Times Square on November 12, 2013.

"Robots have become more functionally advanced than ever before, and as a result, company executives in a variety of fields are realizing the long-term benefits of adding robots to their workforces," said Frank Tobe, Co-Founder of ROBO-STOX and Editor of The Robot Report, a robotics news portal tracking the worldwide business of robotics. "We believe robots will play a more influential role in the global marketplace as their capabilities continue to improve, and the rapid accumulation of assets in our Fund could indicate that many investors are keen to take advantage of this ongoing development."

ROBO-STOX recently published an original white paper, "The Investment Case for Robotics and Automation: A New Age of Automation," discussing how advancements in automated technology are transforming the worldwide economy. The white paper is available on the ROBO-STOX website (www.robostox.com).

For media inquiries about ROBO-STOX, please contact Greg Jawski at 646-922-7756 or [email protected].

About ROBO-STOX
ROBO-STOX LLC is the creator of the first benchmark index to track the global robotics and automation market. Through the expertise of its leadership team and strategic advisors, ROBO-STOX looks worldwide to find new innovations in the robotics space, from companies of all sizes and verticals, to deliver the growth of robotics to investors — from individuals to institutions.

Headquartered in Dallas, Texas, ROBO-STOX is the recognized leader in developing investment solutions that target the robotics, automation and related technology sectors. To learn more about ROBO-STOX, obtain facts about the index and download pertinent information about the industry, please visit www.robostox.com.

Carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's prospectus, which may be obtained at www.robostoxetfs.com. Read the prospectus carefully before investing.

Investing involves risk, including the possible loss of principal. International investments may also involve risk from unfavorable fluctuations in currency values, differences in generally accepted accounting principles, and from economic or political instability. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Narrowly focused investments and investments in smaller companies typically exhibit higher volatility.

These risks associated with investments in Robotics and Automation Companies include, but are not limited to, small or limited markets for such securities, changes in business cycles, world economic growth, technological progress, rapid obsolescence, and government regulation. Robotics and Automation Companies, especially smaller, start-up companies, tend to be more volatile than securities of companies that do not rely heavily on technology. Rapid change to technologies that affect a company's products could have a material adverse effect on such company's operating results. Robotics and Automation Companies may rely on a combination of patents, copyrights, trademarks and trade secret laws to establish and protect their proprietary rights in their products and technologies. There can be no assurance that the steps taken by these companies to protect their proprietary rights will be adequate to prevent the misappropriation of their technology or that competitors will not independently develop technologies that are substantially equivalent or superior to such companies' technology.

Diversification may not protect against market risk.

Exchange Traded Concepts, LLC serves as the investment advisor, and Index Management Solutions, LLC serves as a sub advisor to the fund. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates.

The S&P 500 index components and their weightings are determined by S&P Dow Jones Indices.

CONTACT: Greg Jawski
Jennifer Connelly Public Relations
646-922-7756
[email protected]

SOURCE ROBO-STOX LLC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST. Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
"We are a custom software development, engineering firm. We specialize in cloud applications from helping customers that have on-premise applications migrating to the cloud, to helping customers design brand new apps in the cloud. And we specialize in mobile apps," explained Peter Di Stefano, Vice President of Marketing at Impiger Technologies, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
@DevOpsSummit taking place June 6-8, 2017 at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @DevOpsSummit at Cloud Expo New York Call for Papers is now open.
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
The many IoT deployments around the world are busy integrating smart devices and sensors into their enterprise IT infrastructures. Yet all of this technology – and there are an amazing number of choices – is of no use without the software to gather, communicate, and analyze the new data flows. Without software, there is no IT. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, Dave McCarthy, Director of Products at Bsquare Corporation; Alan Williamson, Principal...