Global X ROBO Global Robotics & Automation ETF
Invest in robotics, automation and artificial intelligence.
Global X ROBO Global Robotics & Automation ETF (ASX: ROBO) seeks to invest in companies that potentially benefit from increased adoption and utilisation of robotics and artificial intelligence, including those involved with industrial robotics and automation, non-industrial robots, and autonomous vehicles.
ROBO invests in robotics, automation and artificial intelligence (RAAI) companies by tracking the performance of the ROBO Global Robotics and Automation Index. The index draws on the industry expertise of ROBO Global to select market and technology leaders across areas such as manufacturing, 3D printing, logistics and security.
- The global artificial intelligence market is expected to reach US $1,811.8 billion by 20301.
1 https://www.grandviewresearch.com/press-release/global-artificial-intelligence-ai-market
Global RAAI leaders are identified by ROBO Global’s strategic advisory board of industry experts.
Companies are scored out of 100 based on the level of revenue earned from robotics and automation activities, investment levels in robotics and automation and the extent to which the company is a market and technology leader.
Companies with a score greater than or equal to 50 are eligible for inclusion in the index.
Selected companies must also meet index rules covering market capitalisation, trading volumes and ESG principles.
ROBO Global’s ESG principles exclude companies where there is an unacceptable risk of serious human rights violations, severe environmental damage or other serious violations of fundamental ethical norms.
Eligible companies are weighted in the index in proportion to their score.
1 Mordor Intelligence, Jan 2021
2 Statista, Apr 2019
- To express long-term strategic or short-term tactical views on the growing trend for robotics, automation and artificial intelligence.
- To complement technology sector exposure with tech-aligned companies outside of the GICS classification (the industry sector classification created by MSCI and S&P Dow Jones Indices).
- To aid portfolio diversification via investment in emerging industries that are largely absent from the Australian market.
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The issuer of units in Global X ROBO Global Robotics & Automation ETF (ROBO) ARSN: 616 755 803 is the responsible entity of the Fund, being Global X Management (AUS) Limited (AFSL 466778) (“Global X”). The product disclosure statement (PDS) for the Fund contains all of the details of the offer of units in the Fund. Copies of the PDS are available from Global X Management (AUS) Limited or at www.globalxetfs.com.au. In respect of each retail product, Global X has prepared a target market determination (TMD) which describes the type of customers who the relevant retail product is likely to be appropriate for. The TMD also specifies distribution conditions and restrictions that will help ensure the relevant product is likely to reach customers in the target market. Each TMD is available at www.globalxetfs.com.au. The information provided in this document is general in nature only and does not take into account your personal objectives, financial situations or needs. Before acting on any information in this document, you should consider the appropriateness of the information having regard to your objectives, financial situation or needs and consider seeking independent financial, legal, tax and other relevant advice having regard to your particular circumstances. Any investment decision should only be made after obtaining and considering the relevant PDS and TMD. Investments in any product issued by Global X are subject to investment risk, including possible delays in repayment and loss of income and principal invested. None of Global X, the group of companies which Mirae Asset Global Investments Co., Ltd is the parent, or their respective directors, employees or agents guarantees the performance of any products issued by Global X or the repayment of capital or any particular rate of return therefrom.
The value or return of an investment will fluctuate and an investor may lose some or all of their investment. Past performance is not a reliable indicator of future performance. The value or return of an investment will fluctuate and investors may lose some or all of their investment. Past performance is not an indication of future performance. “ROBO Global” is a trademark of ROBO Global, LLC and has been licenced for use for certain purposes by Global X. The ROBO Global Robotics & Automation Index (The “Index”) is calculated by Solactice AG. Neither the licensing of the trademark by ROBO Global, LLC nor the calculation and publication of the Index by Solactive AG constitutes a recommendation by ROBO Global, LLC or Solactive AG (or their respective affiliates) to invest capital in any financial product. The Global X ROBO Global Robotics &Automation ETF based on the Index is not sponsored, endorsed, sold or promoted by ROBO Global. LLC or its affiliates and neither ROBO Global, LLC nor any of is affiliates makes any representation regarding the advisability of trading in such product(s).
Information current as at 18 August 2022.
About Global X ETFs
Global X ETFs is a leading global ETF provider with a growing range of cost-effective and innovation-led products which are built to help investors and their advisers achieve better investment outcomes. While we are distinguished for our Thematic Growth, Income, and International Access ETFs, we also offer Core, Commodity, and Digital Assets funds to suit a wide range of investment objectives. Explore our ETFs, research, and insights, and more at www.globalxetfs.com.au.
Global X is a member of Mirae Asset Financial Group, a global leader in financial services, with more than US$528 billion in assets under management worldwide.¹ Mirae Asset has an extensive global ETF platform ranging across the US, Australia, Brazil, Canada, Colombia, Europe, Hong Kong, India, Japan, Korea, and Vietnam with almost $100 billion in assets under management.²
¹ Assets under management as at March 2023, Mirae Asset Global Investments
² Assets under management as at June 2023, Mirae Asset Global Investments
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The ROBO Global subsectors are grouped by technology and applications.
Technology captures the critical intelligent systems that interact with the human world, including actuation, sensing, computing and integration.
Applications refer to specific and evolving areas of industry and society where this technology is deployed, including food and agriculture, 3D printing, security, healthcare, material handling, manufacturing, energy and consumer products.
ROBO is sector-agnostic, spanning many different types of businesses across multiple sectors and regions.
The ROBO index is weighted in proportion to each company's ROBO score. The ROBO score is a score between 1 to 100 that is based on the following:
- The level of revenue a company makes from robotics and automation activities;
- The level of investment a company makes in robotics and automation;
- The extent the company has market and technology leadership in the robotics and automation universe. A score of 50 or higher means the company is eligible for inclusion in the ROBO Global Robotics and Automation Index.
- Companies in the index are weighted according to the ROBO score divided by the sum of all constituents’ ROBO scores.
ROBO may be used as a tool to express long-term strategic or short-term tactical views on the growing trend for robotics, automation and artificial intelligence.
It can also aid portfolio diversification via investment in emerging industries that are largely not present in the Australian market.
ROBO fits in the framework of core-satellite portfolios. It allows investors who have conviction in RAAI to express their views in their portfolios.
Since the inception of the ROBO Global Robotics and Automation Index, the ROBO Global Classification Committee has classified members of the index selection universe as “Bellwether” (BW) or “Non-Bellwether” (NBW) by evaluating factors such as revenue purity, market and technology leadership, and company investments in robotics and automation technologies. With the more recent launches of the ROBO Global Artificial Intelligence Index (August 2018) and the ROBO Global Healthcare Technology and Innovation Index (April 2019), the classification committee has calculated an index score for each company, evaluating the same factors of revenue purity, leadership, and investments, but on a more granular level than the BW/NBW approach.
The ROBO Global Index Management Committee has implemented a change to the methodology for the ROBO Global Robotics and Automation Index Series, where each company in the classification universe is assigned a 1-100 “ROBO Score” based on the factors mentioned above. Companies that score 50 or above would be eligible for the indices, with the security weight determined by the security’s ROBO Score in relation to the summation of all eligible security scores.
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