Credit Suisse has launched a new thematic fund focused on robotics and automation, the Swiss asset management firm has announced.
The CS (Lux) Global Robotics Equity Fund is managed by Citywire A-rated Patrick Kolb, who is also responsible for the CS (Lux) Global Security Equity fund. Kolb started his career at Credit Suisse Asset Management in 2005 as a fund manager.
Within the new fund, Kolb will invest at least two-thirds of its assets worldwide in equities of companies active in information technology, healthcare and industrials with a focus on automation, artificial intelligence and robotics related products and services.
The strategy is registered for sale in Austria, Switzerland, Germany, France, Liechtenstein and Luxembourg.
This marks the latest in a series of robotics-focused fund launches, with rival Swiss group Pictet having unveiled a dedicated strategy towards the end of last year, while UK investment firm Sturgeon Ventures and adviser RoboCap teamed up aunched the RoboCap Ucits fund in January.