The robotics industry is projected to grow to over $90B by 2026.

VanEck has launched a new thematic equity exchange-traded fund (ETF) called the VanEck Robotics ETF (IBOT), which offers global exposure to the leading companies in the robotics industry. The ETF tracks the performance of MarketVector Index’s BlueStar Robotics Index, which provides pure play exposure to the robotics industry.

VanEck Robotics ETF

The index’s eligible companies must generate at least 50% of their revenues from sub-themes, including robots and manufacturing/industrial automation systems, robotic surgical systems, additive manufacturing, robotics or manufacturing computer-aided design, semiconductor manufacturing systems, and machine vision.

Moreover, companies must have a full market cap of $500m, and a 3-month average-daily-trading volume of at least $1m.

The index employs a fixed-tier modified float-adjusted market cap weighting scheme, with companies weighted at 5%. The weight distribution is as follows: 50% for robotics/manufacturing, 25% for machine vision and robotics software, and 25% for embedded chips, robotic surgical systems, and semiconductor manufacturing.

The robotics industry is projected to grow to over $90bn by 2026, and IBOT offers investors a way to invest in the technologies shaping the future.

IBOT joins the fund manager’s thematic equity lineup, which includes VanEck Video Gaming and eSports ETF (ESPO), VanEck Semiconductor ETF (SMH), and VanEck Biotech ETF (BBH).

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