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Alternative Market Briefing

Pictet Asset Management launches SmartCity thematic fund

Wednesday, August 29, 2018

Laxman Pai, Opalesque Asia:

Swiss investment group Pictet Asset Management has launched a new fund, Pictet-SmartCity, to invest in new technologies aimed at meeting the challenges posed by rapid global urbanisation.

The new strategy added to its $42bn actively managed thematic franchise will focus on so-called 'smart cities' that harness data collected from the public to become more efficient and sustainable.

It will invest in a range of businesses working to improve infrastructure, real estate and public transport.

"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," said a press release from the firm.

It added: "Pictet-SmartCity is a global thematic equities strategy that aims to exploit the powerful trends driving urbanisation. Its objective is long-term capital growth by investing in companies around the world that are helping to develop the cities of tomorrow."

It will also invest in companies that enable technologies and services supporting the development of better urban environments.

The release quoted Ivo Weinöhrl, Senior Investment Manager and the manager of the strategy saying that: "Cities are having to adapt to manage rapidly growing populations, while seeking to reduce their environmental impact. This is creating abundant investment opportunities for our clients."

Ivo Weinöhrl is suppo......................

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