On Tuesday November 12, a U5 robot from Universal Robots extended its arm and rang the NASDAQ closing bell in order to celebrate a brand new robotics industry exchange-traded fund. The new fund (ticker: ROBO), is predicated on an index licensed from Robo-Stox LLC, and comprised of an algorithm and database. The index sets a benchmark on the value of robotics, automation, and related technologies, and will allow investors to potentially capitalize on the seemingly-ubiquitous expansion of the robotics industry.
About the Author
James Carroll
Former VSD Editor James Carroll joined the team 2013. Carroll covered machine vision and imaging from numerous angles, including application stories, industry news, market updates, and new products. In addition to writing and editing articles, Carroll managed the Innovators Awards program and webcasts.