Domo arigato

Pictet Asset Management has announced the launch of a very specialist fund – Pictet-Robotics. The fund is one of the first of its kind to invest in robotics and artificial intelligence technologies. The Luxembourg-domiciled Sicav aims to capitalise on the growth of an industry that is forecast to expand approximately four times faster than the global economy over the next decade. The group cites advances in information technology – for example cloud computing and the emergence of powerful new microprocessors – as revolutionising robotics and automation technologies, it believes they are expanding beyond the factory floor into everyday lives. The fund will join Pictet’s existing portfolio of thematic investment strategies and will sit alongside funds focusing on agriculture, clean energy, security, timber and water, while it also has a multi-strategy…

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