Pictet Asset Management has announced the launch of Pictet Robotics, a Luxembourg Sicav investing in robotics and artificial intelligence technologies. The fund will be launched on 8 October.
The fund aims to capitalise on advances in IT, such as cloud computing and the emergence of powerful new microprocessors, which are revolutionising robotics and automation technologies.
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 includes, among others, specialist funds in digital communication, security, health and water.
It is currently registered in the following countries: Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Greece, Liechtenstein, Luxembourg, Netherlands, Portugal, Spain, Sweden and the UK.