Pictet Asset Management has unveiled Pictet-Robotics fund, which will invest in robotics and artificial intelligence technologies.
A Luxembourg Sicav, the fund will aim to capitalise 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, the company said.
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The fund is currently registered in Austria, Belgium, Cyprus, Denmark, Finland, France, Germany, Greece, Liechtenstein, Luxembourg, Netherlands, Portugal, Spain, Sweden and the UK.
The company intends to launch the fund available in other countries soon.
Pictet senior investment manager thematic equities Karen Kharmandarian 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.
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By GlobalDataThe official launch date of the fund is 8 October 2015 and the initial subscription period for the fund is 2-7 October, said the asset manager.
