VanEck has launched a new thematic equity ETF, the VanEck Robotics ETF (IBOT), which aims to offer investors exposure to the robotics industry. The ETF seeks to track the performance, before fees and expenses, of MarketVector Index’s BlueStar Robotics Index. Companies must generate at least 50% of their revenues from one of the sub-themes identified by VanEck and MarketVector to be eligible for inclusion in the Index, which includes robotics and manufacturing/industrial automation systems, additive manufacturing, robotic surgical systems, and semiconductor manufacturing systems.
ETF Newz Says:
The ETF joins VanEck's existing thematic equity lineup, which includes the VanEck Video Gaming and eSports ETF (ESPO), VanEck Semiconductor ETF (SMH), and VanEck Biotech ETF (BBH).