LGIM launches robotics and automation index fund

Legal & General Investment Management (LGIM) has launched a thematic index fund focusing on robotics and automation.

The unlisted strategy, aimed at the UK retail market, offers exposure to investment opportunities through the increasing adoption of robotics and automation across all areas of society. 

According to the London-based firm, the increasing adoption of sophisticated robots and automation, enhanced by artificial intelligence (AI), is “fast becoming an instrument of profound business and societal change”, with the robotics and automation sector experiencing rapid growth, expected to be worth $353 billion by 2024.

The fund tracks the ROBO Global Robotics and Automation Ucits index, giving investors access to the same strategy as LGIM’s Global Robotics and Automation ETF. 

James Crossley, head of UK retail sales at, said: “Investors are increasingly turning to thematic investment strategies, both to access the opportunities created by the disruptive megatrends shaping our society, and to provide greater diversification in portfolios.”

The index tracked by the Legal & General Global Robotics and Automation Index Fund currently has 87 constituent companies across 14 countries and 12 proprietary subsectors.

© 2020 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST