Pictet to launch robotics fund

Pictet to launch robotics fund

Pictet Asset Management is launching a fund focusing on robotics and artificial intelligence in a move to capitalise on innovation in the area.

The Luxembourg Sicav, Pictet-Robotics, forms the latest addition to the firm’s range of thematic strategies, which includes portfolios focused on digital communication, security, health and water.

The fund launches on October 8 and the initial subscription period is from October 2 to October 7.

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.”