Industry Updates

ETF Securities puts ROBO on Macquarie's Wrap platform

Scott Longley

ETF Securities Australian arm has added its robotics and automation ETF (ROBO) to the Macquarie Wrap investment platform, giving Macquarie's deep pool of investors easy access to the product.

Since inception on September 13, the ETFS ROBO Global Robotics and Automation ETF has achieved a total return of 11.45%.

ROBO tracks the performance of 84 technology and application stocks in the ROBO Global Robotics and Automation Index (RAAI).

The stocks are based in more than 15 countries, focusing on mid and smaller caps and avoiding more mature technology companies. The addition of Macquarie Wrap takes the number of platforms on which ROBO is available to four, along with HUB24, Netwealth and Powerwrap.

The ETF was recently given an investment grade rating by Lonsec.

"ROBO is the only Australian domiciled ETF targeting growth in the robotics, automation and artificial intelligence industries," said Kris Walesby, Head of ETF Securities Australia.

"These industries are part of a global megatrend forecast to outperform the broader market in coming decades."

Mr Walesby added that ROBO was the cheapest way of gaining access to RAAI, which has returned an impressive 47.98% in the year to October 31.

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