Robotics ETF goes live

Opening for trade today is ETC's Robo-Stox Global Robotics and Automation Index ETF (ROBO), like its name says, a global play on the robotics and automation industry. The expense ratio os 0.95%.

The tracked index currently has 77 holdings in companies whose main businesses are "the technologies, services or devices that contribute to any type of robot, robotic action or automation system in realms including health care, manufacturing and military applications." There are also a few 3D printing names.

The fund is somewhat comparable to the XLK and IXN, but holdings will be a 40/60 balance between "bellwether" stocks who are clearly tied to robotics and automation, and "non-bellwether" names who get revenue from a specialized or unique contribution to the sector.

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