Pictet Asset Management has added SmartCity fund to its CHF41bn actively managed thematic fund franchise. The Ucits-compliant Pictet-SmartCity fund aims to capture the strong growth potential of companies finding smarter solutions to the challenges posed by rapidly increasing urbanisation.
Its objective is long-term capital growth by investing in companies around the world that are helping to develop the cities of tomorrow.
Ivo Weinöhrl, CFA, senior investment manager and Lucia Macaccaro, investment manager will manage the fund. The team will adopt the same active management process, applied to all Pictet’s thematic strategies, high conviction portfolios, composed of companies with high exposure to the theme.
The companies will be active mainly, but not exclusively, in the following areas: mobility and transportation, infrastructure, real estate, sustainable resources management, as well as enabling technologies and services supporting the development of better urban environments.
A ‘smart city’ is a city able to collect, aggregate and analyse data in order to solve the challenges it generates (pollution, crime, disease, etc). It also aims to improve the general wellbeing (mental, physical, and economic) of its inhabitants. In a smart city, innovation, technology, economic growth, prosperity and the environmental footprint all play an important role.