AXA IM launches robotics fund

AXA Investment Managers has launched the Axa World Funds Framlington Robotech fund on 19 December 2016, InvestmentEurope can reveal.

The fund, which is a sub-fund of AXA’s Luxembourg Sicav AXA World Funds, will seek to achieve long term capital growth by investing at least two thirds of its net assets in equities and equity-related instruments issued by all cap companies worldwide which operate within the theme related to robotic and robotic related technology.

Tom Riley is the lead manager of the fund alongside Jeremy Gleeson, portfolio manager of the AXA Framlington Global Technology fund.

Investments decisions rely on a combination of macroeconomic, sector and company specific analysis, regardless of any geographical asset allocation.

Companies that are active in industrial robotics, but also transport, healthcare, semiconductors, software and other robotics related technology will be targeted.

According to fund literature, “the investment manager will select such target companies with strong management teams and which are expected to achieve a significant positive impact on their financial results on a mid to long term basis from the design, production and use of robotics technology in their respective business areas.”

The fund may invest in money market instruments and up to 10% of its net assets can be invested in shares of Ucits and/or other Ucis.

The Axa World Funds Framlington Robotech fund is available in the following share classes : USD, CHF, euro, sterling.

It is currently being registered across European markets.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

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