Global X has launched an exchange-traded fund (ETF) that will provide individuals the ability to invest in companies playing a role in various aspect of the humanoids robotics value chain.
The Global X Humanoid Robotics ETF, trading under the Australian Securities Exchange ticker HMND, will offer exposure to the Solactive Global Humanoid Robotics AUD Index NTR, which is comprised of companies developing humanoid and service robots for human interaction, industrial and autonomous robots for manufacturing and logistics, and assistive and wearable robotics for mobility and healthcare.
According to the manager, the new offering targets the next phase of artificial intelligence (AI) adoption as intelligence moves from screens into the real world, while also providing diversified exposure across the builders, components and enablers required to scale embodied AI systems.
“The global economy is entering the next phase of the AI cycle, where intelligence extends beyond software and into the physical world. While the past decade has been defined by digital platforms and compute, the next phase is centred on applying that intelligence to real-world tasks through robotics,” Global X senior investment strategist Billy Leung noted.
The ETF’s current largest portfolio exposure is to China at 36.6 per cent, followed by South Korea at 30 per cent and top 10 holdings include Yujin Robot, Neuromeka and Teradyne, along with Palladyne AI Corp, Nvidia and Tesla.
Leung indicated stock selection is based on real and measurable exposure to the theme, which means equities that are included need to derive a meaningful percentage of their revenues from relevant activities. At the same time, he said, a capped, diversified approach avoids excessive concentration in the fund.
“By taking a value-chain approach, the strategy avoids relying on a narrow set of early-stage manufacturers and instead provides exposure to the broader infrastructure required for humanoid robotics to scale globally,” he explained.
The fund has a management fee of 0.57 per cent and joins the Global X ROBO Global Robotics & Automation ETF launched in 2017.