NEW YORK, Sept. 19, 2017 /PRNewswire/ -- Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today celebrated the one-year anniversary of the launch of the Global X Robotics and Artificial Intelligence ETF (BOTZ). BOTZ has received considerable interest from investors in its first year, having surpassed $450m in assets under management.1 BOTZ launched on September 12, 2016 and tracks the Indxx Global Robotics & Artificial Intelligence Thematic Index.
According to data from ETF.com, by reaching $450m, BOTZ has become one of just eight ETFs launched since January 1, 2016 to achieve this milestone.2 BOTZ has seen accelerated growth in recent months, with Global X announcing on June 12, 2017 that BOTZ had reached $100m in assets by the end of May.3
BOTZ offers investors access to a rapidly emerging technological theme of the application of robotics and artificial intelligence around the globe. 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 2014.4,5 As of 9/12/2017, BOTZ has a global focus with more than 70% of its exposure coming from outside of the US, including over 45% coming from Japan.6
"While the robotics & AI revolution is a long term theme that we believe will continue to play out over decades, industries across the globe are already embracing these technologies. Industrial manufacturing was among the first sectors touched by this burgeoning technology, but health care, defense, agriculture, and consumer products are all starting to adopt robotics and AI at an increasingly rapid pace," said Jay Jacobs, director of research at Global X. "We brought BOTZ to market to offer investors an efficient tool to access this technological revolution, and we're pleased to see that the market has been receptive. As we continue to watch these emerging technologies change the world around us, we're excited for what the future has in store."
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 As of 9/12/2017, the Global X Robotics & Artificial Intelligence ETF (BOTZ) had $463m in assets under management.
2 Source: ETF.com. As of 9/13/2017
3 Global X Funds' Robotics and Artificial Intelligence ETF (BOTZ) Crosses $100 Million Mark, 2017
4 Robotics Technology Market by Type and Application, Global Opportunity Analysis and Industry Forecast. 2014-2020 Report.
5 Artificial Intelligence (AI) Market by Technology, Application & Geography. Global Forecast to 2020 Report.
6 Source: Morningstar, as of 9/12/2017
SOURCE Global X Funds