An index-based ETF that provides exposure to
companies engaged in artificial intelligence, robotics and
automation
First Trust Advisors L.P. (“First Trust”), a global ETF provider
and asset manager, announced today that it has cross-listed the
First Trust Nasdaq Artificial Intelligence and Robotics ETF (Ticker
Symbol: ROBT) on the Mexican stock exchange, Bolsa Mexicana de
Valores (BMV). The fund seeks investment results that correspond
generally to the price and yield, before the fund’s fees and
expenses, of an index called the Nasdaq CTA Artificial Intelligence
and Robotics Index (the “index”). The index, which is developed by
Nasdaq and the Consumer Technology Association (“CTA”), is designed
to track the performance of companies engaged in artificial
intelligence (“AI”), robotics and automation.
Recent developments in AI and robotics are revolutionizing
business and transforming our everyday lives. AI allows machines to
complete various “human” tasks, enabling robots to solve problems
and interact with their environments. “It is clear that the growing
advances in AI and Robotics, while still in early days, are
increasing the rate and impact of change,” said Dave Gedeon, Vice
President and Head of Product Development for Nasdaq’s Global
Indexes. “The Nasdaq CTA Artificial Intelligence and Robotics Index
is a new way to benchmark the performance of the companies leading
the charge in this dynamic sector,” said Gedeon.
“Many of the technological developments taking place in AI,
robotics, and automation are astounding, and we believe there are
strong incentives, in both the public and the private sector, to
find ways to harness these innovations. As a leading provider of
thematic ETFs, we are excited to offer ROBT as a way for investors
to gain exposure to this dynamic investment theme,” said Ryan
Issakainen, CFA, Senior Vice President, ETF Strategist at First
Trust.
For more information about First Trust, please contact Ryan
Issakainen at (630) 765-8689 or RIssakainen@FTAdvisors.com.
About First Trust
First Trust, a federally registered investment advisor, and its
affiliate First Trust Portfolios L.P. (“FTP”), a FINRA registered
broker-dealer, are privately held companies that provide a variety
of investment services. First Trust is the investment advisor to
exchange-traded funds, closed-end funds, mutual funds, separate
managed accounts and provides supervisory services to FTP sponsored
unit investment trusts. First Trust’s assets under management were
approximately $122 billion as of April 30, 2018. This includes the
supervisory services First Trust provides to FTP sponsored unit
investment trusts, which are unmanaged. FTP is a sponsor of unit
investment trusts and distributor of mutual fund shares and
exchange-traded fund creation units. First Trust is based in
Wheaton, Illinois. For more information, visit
http://www.ftportfolios.com.
You should consider the fund’s investment objectives, risks,
and charges and expenses carefully before investing. Contact First
Trust Portfolios L.P. at 1-800-621-1675 to obtain a prospectus
which contains this and other information about the fund. The
prospectus should be read carefully before investing.
ETF Characteristics
The fund lists and principally trades its shares on The Nasdaq
Stock Market LLC and the Bolsa Mexicana de Valores.
The fund's return may not match the return of the Nasdaq CTA
Artificial Intelligence & Robotics Index. Securities held by
the fund will generally not be bought or sold in response to market
fluctuations.
Investors buying or selling fund shares on the secondary market
may incur customary brokerage commissions. Market prices may differ
to some degree from the net asset value of the shares. Investors
who sell fund shares may receive less than the share's net asset
value. Shares may be sold throughout the day on the exchange
through any brokerage account. However, unlike mutual funds, shares
may only be redeemed directly from the fund by authorized
participants, in very large creation/redemption units. If the
fund's authorized participants are unable to proceed with
creation/redemption orders and no other authorized participant is
able to step forward to create or redeem, fund shares may trade at
a discount to the fund's net asset value and possibly face
delisting.
Risk Considerations
The fund's shares will change in value, and you could lose money
by investing in the fund. One of the principal risks of investing
in the fund is market risk. Market risk is the risk that a
particular security owned by the fund, fund shares or securities in
general may fall in value. There can be no assurance that the
fund's investment objective will be achieved.
The fund may invest in securities issued by companies
concentrated in a particular industry, sector or country which
involves additional risks including limited diversification. The
fund may invest in small capitalization and mid capitalization
companies. Such companies may experience greater price volatility
than larger, more established companies.
If the fund has lower average daily trading volumes, it may rely
on a small number of third-party market makers to provide a market
for the purchase and sale of shares.
An investment in a fund containing securities of non-U.S.
issuers is subject to additional risks, including currency
fluctuations, political risks, withholding, the lack of adequate
financial information, and exchange control restrictions impacting
non-U.S. issuers. These risks may be heightened for securities of
companies located in, or with significant operations in, emerging
market countries. The fund may invest in depositary receipts which
may be less liquid than the underlying shares in their primary
trading market. Changes in currency exchange rates and the relative
value of non-U.S. currencies will affect the value of the fund's
investment and the value of fund shares.
The fund currently has fewer assets than larger funds, and like
other relatively new funds, large inflows and outflows may impact
the fund's market exposure for limited periods of time.
The fund invests in robotics and artificial intelligence
companies, which may have limited product lines, markets, financial
resources or personnel and are subject to the risks of changes in
business cycles, world economic growth, technological progress, and
government regulation. These companies are also heavily dependent
on intellectual property rights, and challenges to or
misappropriation of such rights could have a material adverse
effect on such companies. Securities of robotics and artificial
intelligence companies tend to be more volatile than securities of
companies that rely less heavily on technology. Robotics and
artificial intelligence companies typically engage in significant
amounts of spending on research and development, and rapid changes
to the field could have a material adverse effect on a company's
operating results.
As the use of Internet technology has become more prevalent in
the course of business, the fund has become more susceptible to
potential operational risks through breaches in cyber security.
The fund is classified as "non-diversified" and may invest a
relatively high percentage of its assets in a limited number of
issuers. As a result, the fund may be more susceptible to a single
adverse economic or regulatory occurrence affecting one or more of
these issuers, experience increased volatility and be highly
concentrated in certain issuers.
First Trust Advisors L.P. is the adviser to the fund. First
Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P.,
the fund's distributor.
The information presented is not intended to constitute an
investment recommendation for, or advice to, any specific person.
By providing this information, First Trust is not undertaking to
give advice in any fiduciary capacity within the meaning of ERISA
and the Internal Revenue Code. First Trust has no knowledge of and
has not been provided any information regarding any investor.
Financial advisors must determine whether particular investments
are appropriate for their clients. First Trust believes the
financial advisor is a fiduciary, is capable of evaluating
investment risks independently and is responsible for exercising
independent judgment with respect to its retirement plan
clients.
Investors should review all relevant offering materials,
including all applicable risk factors, and should consult with
financial and tax advisors relating to tax and other consequences
of investing in a particular security prior to making an
investment.
The views and opinions expressed are for informational
purposes only. This material is not intended to be relied upon as
investment advice or recommendations, does not constitute a
solicitation to buy or sell securities (in any jurisdiction to any
person to whom it is not lawful to make such an offer) and should
not be considered specific legal, investment or tax advice.
For Investors in Mexico:
The fund has been cross-listed on the Bolsa Mexicana de
Valores.
Investors should review all relevant offering materials,
including all applicable risk factors, and should consult with
financial and tax advisors relating to tax and other consequences
of investing in a particular security prior to making an
investment. None of the securities herein have been registered with
the National Securities Registry (Registro Nacional de Valores)
maintained by the Mexican National Banking and Securities
Commission (Comisión Nacional Bancaria y de Valores). Securities
not cross-listed on the Bolsa Mexicana de Valores nor registered
with the National Securities Registry (Registro Nacional de
Valores) may not be offered or sold publicly or otherwise be the
subject of brokerage activities in Mexico, except pursuant to the
private placement exemption set forth in article 8 of the
Securities Market Law (Ley del Mercado de Valores), to
institutional and qualified investors, as defined under Mexican law
and rules thereunder.
The cross listing of the securities identified herein does not
constitute or imply a certification as to the investment quality of
such securities or the accuracy or completeness of the information
included in all offering materials. The offering materials are
solely First Trust’s responsibility and have not been reviewed or
authorized by the CNBV or the BMV and may not be publicly offered
or distributed in Mexico. In making an investment decision, all
investors, including any Mexican investor, must rely on their own
examination of the relevant securities and the marketing
materials.
Nasdaq® and Nasdaq CTA Artificial Intelligence and Robotics
Index℠ are registered trademarks and service marks of Nasdaq, Inc.
(which with its affiliates is referred to as the "Corporations")
and are licensed for use by First Trust Advisors L.P. The fund has
not been passed on by the Corporations as to its legality or
suitability. The fund is not issued, endorsed, sold, or promoted by
the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR
NO LIABILITY WITH RESPECT TO THE FUND.
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version on businesswire.com: https://www.businesswire.com/news/home/20180604005749/en/
First TrustRyan Issakainen(630)
765-8689RIssakainen@FTAdvisors.com
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