Edmond de Rothschild Asset Management (EdRAM) has recently launched the Edmond de Rothschild Fund Global Data.
The manager seeks to make profit from a major technological and social shift that is still under-exploited by investors despite its strong value creation credentials.
The fund, managed by Jacques-Aurélien Marcireau, applies a stock-picking approach across all capitalisation sizes and geographical zones, investing in growth stocks which have only limited exposure to global economic conditions.
The fund is a balanced blend of core holdings (51% minimum) in established big data players and companies which are capable of using big data to transform their business model.
“The arrival of big data is ushering in major social changes and forcing companies to adapt their strategy. The concept emerged at the beginning of the decade and covers two key areas: technological innovation to facilitate data storage but also, and perhaps more importantly, new developments tied to the rapid increase in connected objects which are bringing billions of people together.
“Huge sections of the economy are concerned by a development which seeks to turn data into a key decision-making tool, thereby creating value for companies,” the firm highlighted.
EdRAM underlined that all sectors will be concerned by big data and consequently by digital-linked issues.
“Companies, governments and entire cities will see real benefits from this development. Estimates suggest that the smart city market, for example, will be worth USD 100bn by 2030,” the company said.
As of end July, Edmond de Rothschild Private Bank in France had around €15.6bn in assets under management. It has recorded €800m net new inflows for the first half of 2015 compared to €304m for 2014 as a whole.