ETF Securities' robotics ETF surpasses $1bn AUM

Net inflows of $604m in 2017

ETF Securities has seen its robotics and automation ETF pass $1bn assets under management (AUM) after seeing seen net year-to-date inflows of $604m on the back of increased demand for the asset class.

Launched in partnership with ROBO Global in October 2014, the ETFS ROBO Global Robotics and Automation GO UCITS ETF has  also returned 41.5% so far this year to 27 November, according to Trustnet, contributing to the rise in AUM.  The ETF tracks the ROBO Global® Robotics and Automation UCITS index which currently holds 84 stocks. Howie Li, CEO of ETF platform Canvas, at ETF Securities, said it took a while for investors to fully understand the product and how it fitted into their portfolios. Li said: "From an asset allocation stand point, investors were confused about how they use...