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.c
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:
|
|
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%.
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 Brendan McManus at 646-922-7758 or
bmcmanus@jcprinc.com.
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.
CONTACT
Brendan McManus
Jennifer Connelly Public Relations
646-922-7758
bmcmanus@jcprinc.com
SOURCE ROBO-STOX LLC