New tech-based ETF from Horizons

Toronto-based Horizons ETFs Management (Canada) Inc. is taking a close look at the robotics industry with the launch of Horizons Robotics and Automation Index ETF. This ETF is designed to replicate the ROBO global robotics and automation index, which is composed of more than 80 stocks that are focused on the global robotics and automation industry. To launch the ETF, Horizons partnered with Texas-based ROBO Global LLC, an investment research and index provider covering the robotics, automation and artificial intelligence industries. ROBO Global launched the U.S.-domiciled ROBO Global Robotics and Automation ETF, along with the underlying index, in August 2013.

(fcollie@investmentexecutive.com).