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Friday, November 08, 2013

The ROBO-STOX™ Global Robotics and Automation Index

Next Tuesday, Nov. 12th, a robot will ring the closing bell for the NASDAQ stock exchange celebrating a brand new robotics industry ETF (a mutual fund that is traded on a stock exchange). The ETF, ticker symbol ROBO, is predicated on an index licensed from Robo-Stox™ LLC 
Robo-Stox is promoted as the world's first benchmark index tracking robotics and automation companies, with 77 stocks from companies around the world included in the fund. The fund has assets of $2.5 million and a management fee of 0.95 percent. About 40 percent of the 77 companies in the index are industry bellwether manufacturers such as iRobot, ABB, Intuitive Surgical, and Yaskawa Electric. For a complete list please click here

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