Australia
ETF Securities lists robotics ETF in Sydney
ETF Securities has teamed up with US index provider ROBO Global to launch the ETFS ROBO Global Robotics and Automation ETF (ROBO) on the Australian Stock Exchange. ROBO will track an index of companies that make cutting edge technologies, like high-level robotics, cloud computing and AI. Most companies the index tracks are Japanese and American.
With the listing, Australia becomes the fourth country to have an ETF tracking this index. The UK also has one, again by ETFS, Exchange Traded Concepts has one in the US, and Korea has one from Samsung Kodex.
The global robotics industry was valued at $64 billion in 2015. But it’s predicted to grow rapidly over the next ten years. Demand for AI is particularly strong, with businesses pushing for productivity gains and wanting to shield their intellectual capital from staff exoduses.
Taiwan
An ETF everyone will want.
Everyone wants high dividends and low volatility. So why not make an ETF for it. Taiwan’s biggest ETF provider Yuanta has listed a new factor ETF in Taipei, the High Dividend Low Volatility ETF (00713). As its name suggests, 00713 will target Taiwanese stocks that pay higher dividends while keeping their volatility low.