UK-based exchange-traded fund provider ETF Securities has partnered with US specialist research and robotics provider ROBO Global to launch an ETF on the Australian Securities Exchange. The ETF, called “Robo-X Australia”, will be launched in early 2018 as part of a new product offering from ETF Securities. The robotics automation and artificial intelligence industry could be worth up to $1.2tn by 2025, said Walesby.
UK-based exchange-traded fund provider ETF Securities has partnered with US specialist research and robotics provider ROBO Global to launch an ETF on the Australian Securities Exchange. "The robotics and automation industries are part of a global megatrend which is expected to outperform the broader market in coming decades", said ETF Securities Australia head Kris Walesby. The robotics automation and artificial intelligence industry could be worth up to $1.2tn by 2025, said Walesby.