Horizons ETFs Management (Canada) Inc. launched a technology-focused ETF Tuesday that invests in sectors involved in the the “fourth industrial revolution,” the company said.
The Horizons Industry 4.0 Index ETF focuses on technologies that merge the physical and digital worlds, Horizons said in a release. It began trading Tuesday on the TSX.
The ETF tracks the Solactive Industry 4.0 Index, which follows the performance of companies operating in advanced robotics, the Internet of Things, cloud and big data, cybersecurity and augmented reality, and 3D printing.
“With the continued increase in computer processing power and more and more use of transformative technologies such as A.I., I believe we are embarking on one of the most revolutionary periods of technological change – Industry 4.0,” said Steve Hawkins, president and CEO at Horizons ETFs, in a release. “FOUR seeks to provide broad global exposure to companies leading the charge in the five key sectors associated with Industry 4.0.”