Innovative index provider ROBO Global, which launched the first ever index to track robotics, automation and AI companies, has added two new indices to its platform. It now has two new indices focused specialist healthcare technology, dubbed HTEC and AI, called THNQ.

Having spoken to Richard Lightbound, CEO of ROBO Global for EMEA, he said the passive route was the best option for nascent technology as a wrong stock pick could damage the portfolio severely.

The new healthcare technology index HTEC is made up of over 80 best-in-class healthcare technology and innovation companies from around the world. In a statement from the firm it said healthcare is undergoing a dramatic, technology-driven revolution, with thindex tracking robotics e convergence of robotics, machine intelligence and life sciences which has enabled breakthrough advances.

The AI index, THNQ, has less detail about its make-up. ROBO said it will provide investors with comprehensive, transparent and diversified benchmark which represent the global value chain of AI technologies and applications although no details on the number of stocks its tracks. The firm said: “TNHQ seeks to capture the growth and returns opportunity presented by the advent of AI.”

Mr Lightbound said in a statement: “We launched the ROBO Global Index back in 2013 and since then have continued to innovate and develop. The launch of the new healthcare and AI indices helps investors capture the unique opportunities of fast-growing healthcare technology and artificial intelligence companies around the world, using the same expertly crafted recipe that has bought global success to our robotics and automation index.”