NEW YORK, Sept. 13, 2016 /PRNewswire/ — Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today launched the Global X FinTech Thematic ETF (Nasdaq: FINX), the Global X Robotics & Artificial Intelligence Thematic ETF (Nasdaq: BOTZ), and the Global X Internet of Things Thematic ETF (Nasdaq: SNSR). The three new ETFs join Global X’s Thematic suite, which now has fifteen funds and approximately $1 billion in assets under management as of September 6, 2016. Global X’s Thematic suite includes funds that have been available to investors since 2010.
The Global X Internet of Things Thematic ETF aims to offer exposure to companies that stand to potentially benefit from the broader adoption of the Internet of Things (IoT). This includes the development and manufacturing of semiconductors and sensors, integrated products and solutions, and applications serving smart grids, smart homes, connected cars, and the industrial Internet. The ecosystem of devices and objects that are wireless connected is expected to total over 50 billion by 2020, with an estimated economic impact of $3.9-$11.1 trillion by 2025, according to McKinsey.
“Robotics & AI, FinTech, and the Internet of Things are among the most significant emerging technological trends in the world as they are set to disrupt a broad range of industries and change how we interact with ordinary things like banks, cars, and even refrigerators.” said Jay Jacobs, director of research of Global X. “Our aim with launching these funds is to provide investors with tools to efficiently gain exposure to the companies that are well-positioned to grow from these technological revolutions…”
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