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KraneShares Launches Actuator ETF: TORK on NASDAQ

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KraneShares Launches Actuator ETF: TORK on NASDAQ

KraneShares, a leading provider of exchange-traded funds (ETFs) delivering access to emerging technology strategies, announced the launch of the KraneShares Actuator ETF (Ticker: TORK) on the Nasdaq Stock Exchange (NASDAQ).

TORK seeks to provide exposure to both public and private companies worldwide that build actuators. Actuators are the “muscles and joints” of robots, allowing them to complete complex and precise tasks. A robot’s abilities are closely tied to the quality and quantity of its actuators, creating a potential bottleneck for physical artificial intelligence.1 TORK also targets companies building actuator components such as controllers, electric motors, reducers (precision gear boxes), and sensors.

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“We are launching TORK as a tool for investors to access the physical hardware used across the robotics industry,” said Jonathan Krane, Founder and Chief Executive Officer of KraneShares. “We believe humanoids are going to drive future demand, with one billion humanoids projected by 2050; each needing dozens of actuators to function.”2

Humanoid robots such as the Tesla Optimus use upwards of 30 actuators per unit, meaning for each robot manufactured, dozens of actuators are being used.1 Additionally, actuators are deployed in many other industries, from aerospace and transportation to advanced manufacturing and medical equipment.

“The total addressable market for humanoids could reach nearly $5 trillion by 2050. 2 With actuators representing 55% of the bill of materials for each robot 3 , we are pleased to offer investors access to this potential growth through targeted exposure to companies building that future,” said Derek Yan, CFA, Senior Investment Strategist at KraneShares.


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