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Funds in focus: Pictet’s CHF 6.1bn Robotics fund

As Pictet announces the launch of an urbanisation fund, we take a look at another one of its flagship thematic funds.

Fund manager:

In September 2015, Citywire AAA-rated Peter Lingen joined Pictet to run the Pictet Robotics fund, which was launched in October 2015. 

Prior to joining the firm, Lingen worked at Swedbank Robur, managing the Swedbank Robur Technology fund for more than 15 years. 

Lingen has been Citywire AAA-rated without interruption since April 2017, and has achieved returns of 20.5% over the past year.

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Fund manager:

In September 2015, Citywire AAA-rated Peter Lingen joined Pictet to run the Pictet Robotics fund, which was launched in October 2015. 

Prior to joining the firm, Lingen worked at Swedbank Robur, managing the Swedbank Robur Technology fund for more than 15 years. 

Lingen has been Citywire AAA-rated without interruption since April 2017, and has achieved returns of 20.5% over the past year.

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Fund performance:

Fund size: CHF 6.1 billion

Launch date: 7 October 2015

Fund manager: Peter Lingen

Performance over one year: 20.5% (as of 31 July 2018)

The fund was launched in October 2015 and seeks to find opportunities in industrial automation, robotic solutions and enabling technologies. 

According to Lingen’s July fund commentary, the fund has benefited from the automation sector in particular, along with consumer and services applications. 

This may be due to positive newsflow around robotics and automation, Lingen suggested, reinforced by a move towards local manufacturing and demand from China. 

Most recently, Lingen bought shares in NXP Semiconductors and IGP Photonics while reducing his position in Mettler Toledo and Roper Technologies. He has completely pulled out of Yokogawa Electric Corp.

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Portfolio structure:

Number of positions: 48

Automation: 48.77%

Enabling tech: 25.34%

Consumer and services application: 19.92%

Cash: 5.97%

The fund's top holdings include Alphabet (6.33%), Siemens (6.15%), Qualcomm (4.84%), Fanuc (4.52%) and Intuitive Surgical (3.08%). 

Geographically, the fund is invested primarily in the US (61.26%), but also in Japan (14.94%), Sweden (3.54%), the Netherlands (3.35%) and Switzerland (1.82%). 

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Related Fund Managers

Peter Lingen
Peter Lingen
5/55 in Equity - Global Themes (Performance over 1 year) Average Total Return: 19.00%