NEW YORK, June 13, 2017 /PRNewswire/ -- Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today announced that the Global X Robotics and Artificial Intelligence ETF (BOTZ), has crossed the $100 million in assets under management threshold. The fund launched on September 12, 2016 and tracks the Indxx Global Robotics & Artificial Intelligence Thematic Index.
According to data from ETF.com as of 5/30/2017, BOTZ became just one of 23 ETPs launched since 2016 to have amassed over $100 million in assets, a significant milestone for newly launched ETPs. The fund offers investors access to the burgeoning robotics and AI technologies that are rapidly being applied in a variety of sectors. The robotics industry is expected to grow 10% per year, eclipsing $80 billion in market size by 2020; the AI market is expected to reach $5.1 billion by 2020, from just $420 million in 2014.1,2 Robotics and AI are revolutionizing cars, finance, militaries, and even surgeries and home health aid for the world's aging populations.
"Robotics and artificial intelligence technologies are being applied in a broad range of sectors as corporations seek to improve productivity and address shrinking workforces in developed countries," said Jay Jacobs, director of research at Global X. "We're currently in the beginning stages of a multi-decade shift in the way that we utilize and interact with these innovative technologies. In bringing BOTZ to market, we sought to offer investors an avenue to efficiently access this enormous global phenomenon as it plays out over time."
BOTZ holds a basket of companies that stand to potentially benefit from the increased adoption of robotics and artificial intelligence, eschewing traditional sector classifications. As of 3/31/2017, the fund has a global focus with more than 75% of its exposure coming from outside of the US. BOTZ is one of five funds in the Technology subcategory of Global X's Thematic suite of ETFs.
ABOUT GLOBAL X
Seeking to provide access to high-quality and cost-efficient investment solutions, Global X is a New York-based sponsor of exchange-traded funds (ETFs). Founded in 2008, Global X is distinguished by its smart core, income, alpha, risk management and access suites of ETFs and has more than 50 funds available across U.S. and foreign exchanges. Global X is recognized as a leader in developing intelligent investment solutions.
Investing involves risk, including the possible loss of principal. The investable universe of companies in which the Fund may invest may be limited. The Fund invests in securities of companies engaged in Information Technology which can be affected by rapid product obsolescence, and intense industry competition. In addition to normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. The fund is non-diversified which represents a heightened risk to investors.
Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
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 full or summary prospectus, which may be obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or by visiting globalxfunds.com. Read the prospectus carefully before investing.
Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Indxx, nor does Indxx make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO nor Global X is affiliated with Indxx.
1 Robotics Technology Market by Type and Application, Global Opportunity Analysis and Industry Forecast. 2014-2020 Report.
2 Artificial Intelligence (AI) Market by Technology, Application & Geography. Global Forecast to 2020 Report.
SOURCE Global X Funds