Industry description
The investment seeks to provide investment results that, before fees and expenses, track the price and yield performance of the Solactive Asia Robotics & Artificial Intelligence Index.
Under normal circumstances, the fund will invest at least 80% of its net assets in instruments in its underlying index or in instruments that have economic characteristics similar to those in the index. The index is designed to measure the performance of equity securities of companies that have an Asian country of risk and are classified by FactSet as being in sub-industries tied to robotics and/or artificial intelligence (“AI”). The fund is non-diversified.