Credit Suisse launches Robotics fund
Credit Suisse Asset Management has launched a new Global Robotics Equity Fund investing in businesses which derive at least 50% of their returns from Robotics, Automation and Artificial Intelligence.
The fund pursues a thematic investment strategy focussing on productivity enhancement, improvements of quality of life and execution of dangerous activities, centering on investments in SME businesses.
Filippo Rima, head of Equities at Credit Suisse Asset Management comments: WE are delighted to offer investors an opportunity to benefit from the growth trend in the industry. We believe that the timing for launching the fund is perfect, as the industry is still in an early growth phase. In addition, as the investment universe continues to expand, it consistently opens new investment opportunities for our clients and our fund.”
The fund, which is available as Sicav with USD, EUR and CHF tranches includes a relatively concentrated portfolio of 30 to 60 holdings, it has a global investment universe and offers daily liquidity.