Our Perspective on the Industrial Robot Industry
Since Joseph Engelberger, “the father of robotics,” developed the world’s first industrial robots in the 1950s and installed them in a General Motors plant in 1961, the robotics industry has made tremendous advances. Today, there are about 1.9 million industrial robots deployed worldwide across a wide range of applications in fields such as manufacturing, logistics, consumer services, defense and healthcare. The future for industrial robots looks bright, as the industry continues to outpace the growth of global GDP.1
1. Source: International Federation of Robotics (IFR)
The commentary represents the opinion of the Global Value Team as the date noted and is subject to change based on market and other conditions.
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All investments involve the risk of loss of principal.
Risks associated with investments in robotics companies include, but are not limited to, small or limited markets for such securities, changes in business cycles, world economic growth, technological progress, rapid obsolescence, and government regulation.
There are risks associated with investing in securities of foreign countries, such as erratic market conditions, economic and political instability and fluctuations in currency exchange rates. These risks may be more pronounced with respect to investments in emerging markets.
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