DALLAS, March 11, 2014 /PRNewswire/ -- ROBO-STOX LLC, the
world leader in developing investment solutions targeting the
robotics and automation space, announced today that the
ROBO-STOX™ Global Robotics and Automation Index ETF
(Ticker: ROBO), as of March 7, 2014,
has grown to more than $100 million
in assets under management since its inception on October 22, 2013.
Trading on NASDAQ through the Exchange-Traded Concepts platform,
the Fund has returned 10.4 percent since inception and is trading
at a net asset value of 27.45 as of March
06, 2014. By comparison, the S&P 500 increased by 7.6
percent during the same time period.
|
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 follows the ROBO-STOX™ Global Robotics and
Automation Index, the first benchmark index that specifically
tracks robotics and automation companies. The index is composed of
78 domestic and international robotics- and automation-related
firms that have market capitalizations of at least $200 million and meet listing criteria
established by the S&P DJI Global Broad Market Index.
"The robotics and automation sector has reached a tipping point,
with robots simultaneously becoming more sophisticated and less
expensive to integrate," said Rob
Wilson, Chief Executive Officer of ROBO-STOX. "Our
exchange-traded fund gives investors an opportunity to benefit from
the continued expansion of producers and suppliers within this
dynamic and growing industry."
The Fund surpassed $75 million in
assets under management as of January 28,
2014. Its rapid ongoing growth possibly coincides with the
increase in the worldwide implementation of robots in various
industries. For example, the International Federation of Robotics
expects that worldwide sales of robots will rise by 6 percent
between 2014 and 2016, and over 190,000 industrial robots will be
supplied to companies around the globe in 2016. Furthermore, global
companies such as Google, Apple and Amazon.com have been increasing
their investments in and cooperation with the robotics sector.
"The robotics and automation industry historically attracted
investment from venture capitalists in Silicon Valley, but as
robots begin to play a much more influential role in manufacturing
and other areas of global commerce, Wall Street and the broader
universe of investors are taking notice," said Frank Tobe, Co-Founder of ROBO-STOX and Editor
of The Robot Report, a news portal tracking the worldwide
business of robotics. "Our Fund and index provide investors with a
reliable yardstick to judge the performance of the worldwide
robotics and automation sector as well as individual companies
operating in the space."
For media inquiries regarding ROBO-STOX, please contact
James Doyle at 973-850-7308 or
jdoyle@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.
The S&P 500 index components and their weightings are
determined by S&P Dow Jones Indices.
CONTACT: James Doyle
Jennifer Connelly Public Relations
973-850-7308
jdoyle@jcprinc.com
SOURCE ROBO-STOX LLC