ROBO Global Artificial Intelligence ETF (THNQ) Launches on NYSE
THNQ designed to unlock potential of AI revolution, provides comprehensive access to global value chain
DALLAS -- May 18, 2020 -- ROBO Global, an industry pioneer in innovative investing strategies, announces the launch of the ROBO Global® Artificial Intelligence ETF (NYSE Arca:THNQ) in partnership with Exchange Traded Concepts (ETC).
THNQ tracks the ROBO Global® Artificial Intelligence Index, which was designed to provide investors with a comprehensive, transparent, and diversified benchmark that represents the global value chain of artificial intelligence.
"The transformative power of AI is irrefutable," said Travis Briggs, CEO of ROBO Global U.S. "Companies around the world are turning to AI to outpace their competition, and the proof points are in the data. The AI market is expected to reach $390.9 billion by 2025[1] with AI technologies estimated to increase global economic output by $13 trillion over the next decade."[2]
Built to capture the potential growth and returns presented by the AI technology and market leaders around the globe while simultaneously minimizing risk, THNQ provides exposure to more than 60 stocks across 11 subsectors in 16 different countries. The portfolio includes companies developing the technology and infrastructure enabling AI, such as computing, data and cloud-services, as well as companies that apply AI in various verticals, from business processes to e-commerce and healthcare, among others.
"With a proven track record, ROBO Global is uniquely positioned to provide the underlying index for THNQ," said Briggs. "Our team is exclusively focused on innovative technologies, and our strategic advisory board, stacked with 7 Ph.D.s, includes some of the world’s most prominent and celebrated robotics and AI researchers. Together, we have an intimate understanding of the entire AI ecosystem and how that value can be delivered to investors."
THNQ follows the launch. of The ROBO Global® Healthcare Technology and Innovation ETF (NYSE Arca:HTEC). which provides investors with exposure to innovative and disruptive healthcare technology companies. The ROBO Global® Robotics and Automation Index ETF (NYSE Arca:ROBO). was launched in 2013 and its benchmark index was the first to track the global robotics, automation, and AI value chain.
For more information on ROBO Global ETFs please visit: www.roboglobaletfs.com.
[1]Source: Grand View Research, AI Market Research, December 2019
[2]Source: McKinsey&Company, 'Artificial Intelligence: Implications for China,' April 2017
Carefully consider the Funds’ investment objectives, risk factors, charges and expenses before investing. This and additional information can be found on the Funds' full or summary prospectuses, which may be obtained at www.roboglobaletfs.com. Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of principal. International investments may also involve risk from unfavorable fluctuations in currency values, differences in generally accepted accounting principles, and from economic or political instability. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Narrowly focused investments and investments in smaller companies typically exhibit higher volatility. There is no guarantee the funds will achieve their stated objective. ROBO, HTEC, and THNQ are non-diversified.
The liquidity of the A-shares market and trading prices of A-shares could be more severely affected than the liquidity and trading prices of other markets because the Chinese government restricts the flow of capital into and out of the A-shares market. The funds may experience losses due to illiquidity of the Chinese securities markets or delay or disruption in execution or settlement of trades.
The risks associated with investments in Robotics and Automation Companies include, but are not limited to, small or limited markets for such securities, changes in business cycles, world economic growth, technological progress, rapid obsolescence, and government regulation. Robotics and Automation Companies, especially smaller, start-up companies, tend to be more volatile than securities of companies that do not rely heavily on technology. Rapid change to technologies that affect a company's products could have a material adverse effect on such company's operating results. Robotics and Automation Companies may rely on a combination of patents, copyrights, trademarks and trade secret laws to establish and protect their proprietary rights in their products and technologies. There can be no assurance that the steps taken by these companies to protect their proprietary rights will be adequate to prevent the misappropriation of their technology or that competitors will not independently develop technologies that are substantially equivalent or superior to such companies' technology.
The risks associated with Artificial Intelligence (AI) Companies include, but are not limited to, small or limited markets, changes in business cycles, world economic growth, technological progress, rapid obsolescence, and government regulation. Rapid change to technologies that affect a company’s products could have a material adverse effect on such company’s operating results. AI Companies also rely heavily on a combination of patents, copyrights, trademarks and trade secret laws to establish and protect their proprietary rights in their products and technologies. There can be no assurance that the steps taken by these companies to protect their proprietary rights will be adequate to prevent the misappropriation of their technology or that competitors will not independently develop technologies that are substantially equivalent or superior to such companies’ technology. AI Companies typically engage in significant amounts of spending on research and development, and there is no guarantee that the products or services produced by these companies will be successful.
The risks associated with Medical Technology Companies include, but are not limited to, small or limited markets for such securities, changes in business cycles, world economic growth, technological progress, rapid obsolescence, and government regulation.
Diversification may not protect against market risk.
Beginning September 2, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn't available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to September 2, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times.