Economists are wrestling with the expected consequences of a revolution in robotics and automation. Developments in both are changing modern economies, as policy makers look to find solutions to a possible future wherein much of modern human labour could become obsolete.
By next year the Federal of Robotics estimates that there will be 1.3 million industrial robots working in factories around the world. And, in the coming decades, some projections have automation replacing up to 90% of traditional human labour in some industries.
Investors who want to take advantage of this rapidly-growing industries can invest in ROBO Global Robotics & Automation Index ETF (NASDAQ:ROBO). The ETF was up 0.41% at the bottom of the noon hour on October 2 and has increased 35% in 2017. It has experienced growth of 55% since launching in 2013.
What does this ETF invest in? The fund invests in stocks with market capitalizations above $200 million that are operating in robotics-related and/or automation-related industries and sectors. Two of its largest holdings include the energy and electric vehicle systems technology company AeroVironment, Inc. (NASDAQ:AVAV) and the industrial automation company Hollysys Automation Technologies Ltd (NASDAQ:HOLI).
The rise of a change in industrial manufacturing and even the expected surge in autonomous vehicles are just some of the sectors which are covered when you invest in this ETF. Robotics and automation are poised to change the way the economy works and the way we live. Investors should look to own a stake in that future.