Mentioned:
BlackRock has a new ETF. And it’s focused on the opportunity in robots.
What’s happening:
- BlackRock has launched the iShares Future Robotics and Related Technology Active ETF (NYSE: RBTX) on the New York Stock Exchange
Why it matters:
- This is first time that BlackRock has launched an actively managed robotics ETF in the United States
Going deeper:
- BlackRock has publicly stated that the iShares Futures Robotics and Related Technology Active ETF will be focused on providing investors exposure to to companies across the entire value chain of robotics
- BlackRock’s iShares is now the third largest active ETF company in the world with roughly $200B USD in total assets
The intrigue:
- a16z just recently made major waves in Silicon Valley when they raised their first ever venture capital fund that is solely focused on investing in companies building hardware for artificial intelligence and robotics
