Horizons Robotics and Automation Index ETF

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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.

ETF Newz Says:

There are no changes to the ETF’s management fees, and it is also available in a U.S. dollar version with the ticker symbol “RBOT.U.”

Horizons ETFs Management is known for offering one of the largest suites of exchange-traded funds in Canada, catering to investors of all experience levels and diverse investment objectives. The company manages more than $27 billion in assets, with 119 ETFs listed on major Canadian stock exchanges. It is a subsidiary of the Mirae Asset Financial Group, overseeing approximately $710 billion in assets across 13 countries worldwide.

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