Pacer ETFs has launched a new ETF based on the robotics and 3D printing market, the Malvern, Pennsylvania-based company announced.
Pacer, an ETF provider that offers strategy-driven and rules-based ETFs, has launched the Pacer BlueStar Engineering the Future ETF (BULD) to track the BlueStar Global Robotics & 3D Printing Index. The index consists of globally listed stocks and certificates of deposit of companies that derive at least half of their revenue from robotics or manufacturing automation equipment, design software computer-aided or 3D printing products or services and hardware suppliers, Pacer said.
“BULD provides exposure to companies that are leading the technology, manufacturing and engineering industries to new heights in what is being called ‘the fourth industrial revolution,'” said Sean O’Hara, president of Pacer ETF Distributors, in a statement. “BULD aims to follow the next generation of industrial automation that will support this societal change by improving supply chains, providing new solutions for mass customization and much more.”
The new ETF targets manufacturing and engineering developments leading to the “fourth industrial revolution,” which is characterized by disruptive industrial automation, a reliance on 3D printing and robotics, Pacer said. “For this revolution to take place, there must be an establishment of the Internet of Things, machine-to-machine communications and computer-aided design software to increase speed, safety and productivity in the sectors manufacturing and engineering. BULD aims to capture this trend by investing in companies “that are part of this disruption,” Pacer said.
“At Pacer ETFs, our mission is to provide investors with investment opportunities that harness societal change and have the potential to transform how businesses operate,” said Joe Thomson, president and founder of Pacer Financial, in a statement. “This ETF could offer investors a new way to capitalize on the next big tech revolution.”
Pacer ETFs has 44 ETFs with over $13 billion in assets under management. It includes Pacer Trendpilot series, Pacer Cash Cows Index series, Pacer Custom ETF series, Pacer Leaders ETF series, Pacer Factor ETF series and Pacer Swan SOS ETF series. Pacer ETFs use a rules-based passive management approach to track S&P, NASDAQ, FTSE Russell and custom indices.