Defiance has filed an application to launch an ETF that tracks Chinese robotics companies, focusing on the country's robotics and automation industry.
The filing was submitted to US regulators on May 27th. This is the latest move by the asset management company in its China-themed ETF portfolio.
Bloomberg analyst Eric Balchunas cited the case of KWEB, KraneShares' Chinese internet ETF, which was launched in 2013. Initially criticized for being too niche, it later became the largest China-themed ETF.
It is currently unclear when Defiance's Chinese robotic ETF might be approved or listed. New filings show the company is continuing to expand its products tracking specific segments of the Chinese market.
