Horizons ETFs Management (Canada) Inc. has announced a name change for the Horizons Robotics and Automation Index ETF. The ETF will be renamed the Horizons Robotics & AI Index ETF, effective from Monday, October 30, 2023. The ticker for the ETF, RBOT, will remain unchanged.
This change aligns the ETF’s name more closely with its underlying index, the Indxx Global Robotics & Artificial Intelligence Thematic Index. As artificial intelligence and companies enabling its development continue to drive economic transformation, industry disruption, and market performance, this adjustment reflects the exposure of the ETF to key companies in the global AI ecosystem.