ROBO appoints BNY Mellon as custodian and sec lending agent
22 February 2018 New York
Image: Shutterstock
ROBO Global, creator of the world鈥檚 first exchange-traded fund (ETF) to track the global robotics, automation and artificial intelligence (RAAI) sector, has selected BNY Mellon to provide the firm with custody and transfer agency services.
The ROBO Global Robotics & Automation Index ETF has more than doubled its assets in the last five months and recently crossed the $2 billion assets under management threshold.
According to BNY Mellon, the services were transitioned from a previous provider without business interruption.
ROBO Global defines and delivers an index to target robotics and automation. The index is comprised of over 80 stocks focused on the entire robotics and automation value chain. The stocks include companies in the global robotics and automation industry, covering over 15 countries across 12 sub-sectors.
Travis Briggs, CEO of ROBO Global US, said: 鈥淚nvestors across the world are embracing robotics and artificial intelligence investment. By appointing BNY Mellon as our asset servicing provider, we have now established a robust foundation to meet the needs of
our investors throughout their investment lifecycle.鈥�
Jeff McCarthy, CEO of exchange-traded products, BNY Mellon, added: "We pride ourselves on our ability to deliver a technology platform, services, and depth of expertise that scales to the needs of fast-growing ETF issuers. This new appointment speaks to the power of our holistic approach."
The ROBO Global Robotics & Automation Index ETF has more than doubled its assets in the last five months and recently crossed the $2 billion assets under management threshold.
According to BNY Mellon, the services were transitioned from a previous provider without business interruption.
ROBO Global defines and delivers an index to target robotics and automation. The index is comprised of over 80 stocks focused on the entire robotics and automation value chain. The stocks include companies in the global robotics and automation industry, covering over 15 countries across 12 sub-sectors.
Travis Briggs, CEO of ROBO Global US, said: 鈥淚nvestors across the world are embracing robotics and artificial intelligence investment. By appointing BNY Mellon as our asset servicing provider, we have now established a robust foundation to meet the needs of
our investors throughout their investment lifecycle.鈥�
Jeff McCarthy, CEO of exchange-traded products, BNY Mellon, added: "We pride ourselves on our ability to deliver a technology platform, services, and depth of expertise that scales to the needs of fast-growing ETF issuers. This new appointment speaks to the power of our holistic approach."
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