Thematic investing has become almost the stuff of science fiction as Pictet Asset Management launches a fund that invests in robotics and artificial intelligence.
Pictet-Robotics, a Luxembourg-domiciled Sicav, is attempting to tap into an industry that the firm says is forecast to expand as much as four times faster than the global economy over the next decade.
Pictet says that technological advances such as cloud computing and the emergence of powerful new microprocessors are revolutionising robotics and automation technologies. These advances have moved beyond the factory floor into our everyday lives according to the firm.
Giving examples of how the technology can be used, Pictet says security services have been aided by robots that can detect changes in facial expressions and tones of voice. In healthcare, sophisticated robots already assist surgeons in complex procedures, while in transport, smart sensor technology is being deployed in driverless cars.
“Companies active in robotics seem bound to enjoy strong growth from this new wave of innovation,” says Karen Kharmandarian, senior investment manager in thematic equities at Pictet.
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