AXA Investment Managers (AXA IM) has unveiled a new fund that will invest in global growth companies engaged in robotics.

Known as AXA World Funds Framlington Robotech Fund, the new offering is a Luxembourg-domiciled SICAV vehicle.

It will incorporate an unconstrained, multi-cap, robotics strategy, focusing on companies in robotics and automation applications across multiple sectors such as industrial, technology, manufacturing, healthcare as well as transportation.

The fund will be managed by Tom Riley and Jeremy Gleeson at AXA IM Framlington Equities team.

AXA IM global head of Framlington Equities Mark Beveridge said: “We have been early adopters of the robotics trend and have been investing in areas such as industrial automation, autonomous vehicles and robot assisted surgery for a number of years in other strategies.

“We fundamentally believe you need an active manager to access new growth areas such as robotics – there is no broadly used standard robotics benchmark that you can try to replicate. We have great momentum in an uncrowded space; demand for our robotics strategy has been incredible from clients in Japan and we are excited that we can now offer this strategy more widely.”