Mentioned:
Asset management companies in America are coming after a new opportunity for ETFs: humanoid robots.
What’s happening:
- Multi billion dollar asset management company Roundhill Investments has officially launched the Roundhill Humanoid Robotics ETF (NASDAQ: HUMN) on the Nasdaq
Why it matters:
- This is the first actively managed ETF to be listed on a major stock exchange in the United States that is solely focused on humanoid robotics
Going deeper:
- The Roundhill Humanoid Robotics ETF has publicly stated they will allocate to publicly traded robotics companies in North America, China, South Korea, Sweden and Japan
- Tesla (NASDAQ: TSLA), Nvidia (NASDAQ: NVDA) and XPeng (NYSE: XPEV) are amongst the Roundhill Robotics ETF's largest initial holdings
The intrigue:
- Robotics continues to be a major theme in the private markets as well, with OpenAI co-founder Sam Altman just recently leading a $80M USD financing round for autonomous delivery robotics startup Coco Robotics
