Pictet Asset Management is set to expand its range of thematic products with the launch of a Robotics fund.
The Pictet Robotics fund will be managed by Karen Kharmandarian and will invest in companies positioned to capitalise on the growth of robotics and artificial intelligence technologies. The new fund, a Luxembourg Sicav, will officially launch on 8 October, after an initial subscription period from 2 to 7 October. Investing in the next 'smart material' industrial revolution Kharmandarian said: "Robots have long been used in factories to automate dangerous, dirty or dull tasks. But the pace of invention is accelerating as robots are becoming indispensable to our professional and perso...
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