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Horizons ETF invests in robotics and automation

Horizons Robotics and Automation Index (symbol: ROBO) opened for trading today on the Toronto Stock Exchange. The exchange-traded fund seeks to replicate before fees the performance of the ROBO Global Robotics and Automation Index, while hedging its U.S.-currency exposure.

Rudy Luukko 29 November, 2017 | 6:00PM

Horizons Robotics and Automation Index (symbol: ROBO) opened for trading today on the Toronto Stock Exchange. The exchange-traded fund seeks to replicate before fees the performance of the ROBO Global Robotics and Automation Index, while hedging its U.S.-currency exposure. The management fee is 0.75%, not including operating expenses.

Green Leaves

 

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Cognex Corp84.04 USD-2.91
Fanuc Corp ADR26.29 USD-2.65
IPG Photonics Corp243.92 USD-0.90
YASKAWA Electric Corp ADR113.78 USD-2.15

About Author

Rudy Luukko

Rudy Luukko  Rudy Luukko is a freelance writer who contributes to Morningstar.ca on topics involving fund industry trends and regulatory issues. He retired in May 2018 from his position as editor, investment and personal finance, at Morningstar Canada, where he had worked since 2004. He has also worked as an editor and writer for various general, specialty and institutional media, and he has co-authored courses for the Canadian Securities Institute. Follow Rudy on Twitter: @RudyLuukko.

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