In this fund overview we look at the Legal & General Robotics and Automation UCITS ETF

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L&G ETF has partnered with ROBO Global®, a recognised provider of robotics and automation investable indices, to give investors a liquid, transparent and cost-effective vehicle to access this transformative megatrend.

The fund includes companies involved in: Robotics, Automation & AI such as Hiwin Technologies, Nvidia and Faro Technologies.

The fund has a total expense ratio of 80 basis points and covers all companies globally.
It is available in US Dollars, Euros and Swiss Francs and is domiciled in Ireland

The fund’s underlying index is the ROBO Global® Robotics and Automation UCITS Index which is weighted based on a bellwether and non-bellwether classification.

Bellwether companies are fast-growing companies whose core business model focuses around robotics and automation.

Non-bellwether companies are largely established players whose businesses derive a distinct portion of their revenues from robotics and automation, and which have the potential to grow through their technology and innovation set.

The index follows a two-tier, equal weighing scheme, allocating to both Bellwether and Non-bellwether companies to capture the growth prospects of both emerging and established companies.

The index rebalances quarterly to maintain diversification and remain responsive to market trends and new entrants.

L&G ETF believes the ROBO Global® advisory board is unrivalled in it’s expertise in capturing the entire value-chain of robotics and automation. The index has a typical market cap breakdown of 75% to small to mid-caps and 25% to large caps. It therefore, has less than 2% overlap with traditional benchmarks, such as the S&P 500 or the MSCI World.

This fund targets investment professionals looking for a liquid, transparent and cost-effective vehicle to access this transformative megatrend.