Pictet Asset Management, a pioneer in thematic investing, has announced the launch of Pictet-Robotics, one of the first funds of its kind to invest in robotics and artificial intelligence technologies. A Luxembourg Sicav, the fund aims to capitalize on the growth of an industry that is forecast to expand as much as four times faster than the global economy over the next decade.
Advances in IT, such as cloud computing and the emergence of powerful new microprocessors, are revolutionizing robotics and automation technologies, which are expanding beyond the factory floor into our everyday lives. Modern robotic devices are now equipped with a remarkable capacity to sense, gather, process and act on information, endowing them with dexterity, versatility and cognition. Robots that can detect changes in facial expressions and tones of voice are being used in services and security industries. In the health care industry, sophisticated robots already assist surgeons in complex procedures, while in transport smart sensor technology is being deployed in driverless cars.
Karen Kharmandarian, Senior Investment Manager, Thematic Equities, said, “Robots have long been used in factories to automate dangerous, dirty or dull tasks. But the pace of invention is accelerating as robots are becoming indispensable to our professional and personal lives. Companies active in robotics seem bound to enjoy strong growth from this new wave of innovation”.
The Robotics fund is the most recent addition to Pictet Asset Management’s range of thematic strategies which already include, among others, specialist funds in digital communication, security, health and water. Thematic funds allow investors to capitalize on long-term socio-economic trends shaping our world.
The official launch date of Pictet-Robotics is 8th October 2015 and the initial subscription period for the fund is 2-7 October.
The fund is currently registered in the following countries: Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Greece, Liechtenstein, Luxembourg, Netherlands, Portugal, Spain, Sweden and the UK. It will be available in other countries soon.
Grupo Pictet, fundado en Ginebra en 1805, es uno de los principales especialistas en gestión de patrimonios y activos de Europa, con 403.000 millones de euros bajo gestión y custodia hasta junio de 2015. Pertenece a siete socios que participan en su gestión. Con sede en Ginebra, cuenta con 3.800 empleados y oficinas en Ámsterdam, Barcelona, Basilea, Bruselas, Dubái, Fráncfort, Hong Kong, Lausana, Londres, Luxemburgo, Madrid, Milán, Múnich, Montreal, Nassau, París, Roma, Singapur, Turín, Taipéi, Tel Aviv, Osaka, Tokio, Verona y Zúrich. Pictet Asset Management (“Pictet AM”) incluye las filiales y divisiones de gestión de activos institucionales y de fondos. A 30 de junio gestionaba 146.000 millones de euros en renta variable y fija de todo el mundo, con 17 centros de negocio.