ROBO, The Global Robotics ETF For A Future (Perhaps) Already Priced In

ROBO Global Robotics and Automation Index ETF, a sector-specific thematic fund incepted in 2017 (TER 0.69% p.a.) that tracks a proprietary weighted index. As of 07/13 the ETF counts 79 stocks, with the US at ~40%, followed by Japan (22.7%) where the top three sectors are Machinery, Electronic Equipment, Semiconductors. Based on a P/E of ~50.9x and CAGR growth estimates, I calculate a PEG-style ratio of ~2.56x. In my opinion, today there are already stretched valuations even in the most favorable growth scenario.

Those who follow me know that I like to track the global robotics market starting from this ETF: ROBO Global Robotics and Automation Index ETF ( ROBO ). And with the AI boom, it has benefited