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ROBO Global

ROBO Global index outpaces global equities, surges 18% in 1Q

ROBO Global Director of Research Jeremie Capron says the ROBO Global Robotics and Automation Index ETF (NYSEARCA:ROBO) jumped 18% in the first quarter, while the Artificial Intelligence Index surged 26%, largely outpacing global equities.

Capron highlighted iRobot Corporation (NASDAQ:IRBT) and Ocado Group plc (OTCMKTS:OCDGF) as top performers for the index in the quarter.

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Price: $38.94

Market: NYSE
Market Cap: $2.17 billion
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ROBO Global seeing annual growth in last decade of well over 20%

Richard Lightbound, ROBO Global's (NYSE:ROBO) CEO EMEA & Asia, tells Proactive's Andrew Scott the performance of its index, which tracks robotics and AI companies, is up 20% for the year. ''That's pretty phenomenal'', Lightbound days, adding ''that's obviously over a short period of...

on 8/3/19

2 min read