Investment Professionals

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A Look Inside the ROBO Global Index

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Our world is being transformed as a new wave of innovation, often technology-led, challenges every aspect of how we live and work. In the final article of our Future Present series, we have selected 5 stocks from the ROBO Global® index to showcase how different businesses are riding on this megatrend.     The stock stories included are;

  1. Novanta - Precision Surgery
  2. Yaskawa - Industrial Robotics
  3. GEA - Food and Beverage Processing
  4. Xilinx - Programmable Chips
  5. Koh Young - 3D Inspection

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Thematic ETFs Q1 performance examined

Thematic ETFs had a rough first quarter, falling as much, or more than global share market gauges like the MSCI World Index. The slow start follows two strong years in 2020 and 2021, where several thematics provided strong outperformance. Biotech in many ways exemplifies this reversal of fortunes. After being the best performing sector in 2020, thanks to coronavirus vaccine development, the sector fell 40% in the 12 months to Q1. While the causes of underperformance vary between funds, common roots include the Russian invasion of Ukraine, which threatens supply chains. And the Federal Reserve’s hawkish stance, which has put a dampener on growth companies. Below we look at each thematic in more detail. ETFS Hydrogen ETF (HGEN) HGEN fell 11.5% in Q1, thanks to rising interest rates and Senator Manchin vetoing US subsidies for clean hydrogen. HGEN is especially sensitive to higher discount rates as the majority (16 out of 30) of the companies it holds are loss-making. While HGEN’s performance is negative this year, in March, HGEN rallied 12.8% on a more dovish Fed). ...
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