Candriam Investors Group has given the robotics sector a bullish fanfare as it launched a robotics strategy today.
Johan Van Der Biest, who manages the strategy, said: “Advanced robots will be the cornerstone of the fourth industrial revolution, a technology one which, like earlier industrial revolutions, will generate substantial wealth for far-sighted investors.”
Candriam, which has €102 billion of assets under management, will select a maximum of 50 robotics stocks from the global equities universe and concentrate on firms with above average revenue growth.
“We are only at 20% to 30% into what will be possible in the field of robotics. Pretty soon we will see the integration of smart, internet-connected machines facilitating our daily lives,” Van Der Biest said.
Candriam added that technological innovation is happening at a “speed that has never been observed before. The roadmap for world-changing new applications has never been as obvious and this will result in superior earnings growth for the industry”.
Machine learning, artificial intelligence and Big Data technology are among the themes within the robotics sector.
Candriam joins a few other firms, including Pictet, that have launched robotics products in recent months.
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