Neuberger Berman unveils next generation vehicle fund
Neuberger Berman has launched a Ucits strategy focused on those companies set to benefit from the increase of electric vehicles.
The Neuberger Berman Next Generation Mobility fund, managed by Saurin Shah, Yan Taw Boon and Michael Barr, will be investing in 40 to 60 stocks.
These stocks include companies providing solutions to the proliferation of autonomous, electric and connected vehicles, as well as firms well-positioned to benefit from these new technologies.
The Fund has been registered for sale in the UK and across Europe and is to be registered in Switzerland and across Asia as soon as the registration process finishes.
“Cars are getting smarter, and that means more sensors, processing power and software. For investors, we believe this creates opportunities in companies that are well-positioned to supply these elements to the car makers, as well as aggregators who can package multiple products for them,” Boon says.
“Making cars is a highly complex process with new model introductions typically taking 3-5 years of advance planning due to stringent product safety and reliability requirements which oblige suppliers to achieve auto grade certification before selling components to the major global automakers.
“As a consequence, we are witnessing the convergence of automotive and technology companies as a range of players compete for market share in the new era of mobility.”
Head of Intermediary for EMEA & LatAm Tom Douie (pictured), added: “Neuberger Berman has a long history of managing thematic equity strategies and we are excited to bring one such strategy to our Ucits fund range. We believe our Next Generation Mobility Fund offers investors a compelling opportunity to benefit from a technological revolution that will likely affect everyday lives for many years to come.”