Alternative Investments/AI: Pacer Launches Robotics & 3D Printing ETF
The new ETF targets manufacturing and engineering developments leading the Fourth Industrial Revolution, also known as Industry 4.0.
Pacer ETFs has announced the launch of its all-new Pacer BlueStar Engineering the Future ETF (BULD) that tracks the BlueStar Global Robotics & 3D Printing Index. Accordingly, the ETF targets manufacturing and engineering developments leading to The Fourth Industrial Revolution, also known as Industry 4.0, which is characterized by disruptive industrial automation, and dependency on 3D printing and robotics. (BusinessWire)
Pacer BlueStar Engineering the Future ETF (BULD)
The ETF will, in accordance with the index, invest in globally listed stocks and depositary receipts of companies that derive at least 50% of their revenues from robotics or manufacturing automation equipment (assigned 50% weight), computer-aided design (CAD) software (25% weight), or 3D printing products or services and material providers (25% weight).
Companies so qualifying are further screened by market cap, average monthly volume, and 3-month average daily value traded.
Fundspeak: Next big technology revolution
“BULD provides exposure to the companies that are leading the technology, manufacturing, and engineering industries to new heights in what is called ‘The Fourth Industrial Revolution,’” said Sean O’Hara, president of Pacer ETF Distributors, in a statement. “BULD aims to follow the next generation of industrial automation that will support this societal change by enhancing supply chains, providing new solutions for mass customization, and much more.”
“At Pacer ETFs, it’s our mission to provide investors with investment opportunities that tap into societal changes and have the potential to transform the way businesses operate,” said Joe Thomson, president and founder of Pacer Financial. “This ETF could provide a new way for investors to capitalize on the next big technology revolution.”
Related Story: AdvisorShares Offers Drone Technology ETF
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