Pacer ETFs has launched a new ETF based on the robotics and 3D printing market, the Malvern, Pa.-based firm announced.

Pacer, an ETF provider that offers strategy-driven, rules-based ETFs, launched the Pacer BlueStar Engineering the Future ETF (BULD) to follow the BlueStar Global Robotics & 3D Printing Index. The index consists of globally listed stocks and depositary receipts of companies that derive at least half of their revenues from robotics or manufacturing automation equipment, computer-aided design software, or 3D printing products or services and material providers, Pacer said.

“BULD provides exposure to the companies that are leading the technology, manufacturing and engineering industries to new heights in what is called ‘The Fourth Industrial Revolution,’” Sean O’Hara, president of Pacer ETF Distributors, said in a statement. “BULD aims to follow the next generation of industrial automation that will support this societal change by enhancing supply chains, providing new solutions for mass customization and much more.”

The new ETF targets manufacturing and engineering developments leading the "fourth industrial revolution," which is characterized by disruptive industrial automation, dependency on 3D printing and robotics, Pacer said. “In order for this revolution to take place, there must be a build out of the ‘internet of things,’ machine-to-machine communications and computer-aided design software to increase speed, safety and productivity in the manufacturing and engineering sectors. BULD aims to capture this trend by investing in the companies” that are part of that disruption, Pacer said.

“At Pacer ETFs, it’s our mission to provide investors with investment opportunities that tap into societal changes and have the potential to transform the way businesses operate,” Joe Thomson, president and founder of Pacer Financial, said in a statement. “This ETF could provide a new way for investors to capitalize on the next big technology revolution.”

Pacer ETFs has 44 ETFs with more than $13 billion in assets under management. It includes the Pacer Trendpilot Series, Pacer Cash Cows Index Series, Pacer Custom ETF Series, Pacer Leaders ETF Series, Pacer Factor ETF Series and Pacer Swan SOS ETF Series. Pacer ETFs employs a rules-based, passive management approach to track S&P, NASDAQ, FTSE Russell, and Custom Indexes.