AXA IM Launches UCITS-Compliant Robotics Fund

Jan 13 2017 | 10:02pm ET

AXA Investment Managers has debuted a new UCITS-compliant equity fund focused on companies across multiple industries that are engaged in robotics. 

The new fund, named the AXA World Funds Framlington Robotech Fund, is a multi-cap vehicle that will invest in robotics companies in the industrials, manufacturing and healthcare sectors, according to a report in Citywire. 

Founded in 1969, Framlington is a €50 billion equities manager acquired by AXA IM in 2005. The unit manages a range of active thematic funds in both pooled and segregated mandates. 

The fund is predicated on AXA IM’s belief that robotics will have an increasingly significant impact on society and a growing number of new listed small and mid-cap companies are apt to become investment opportunities over time, the Citywire article said. Although an “emerging multi-decade theme”, the company believes it can select 40 to 60 growth stocks from which to build a global portfolio diversified across market cap and sectors.

The new fund is a Luxembourg-domiciled SICAV and is passported for sale in Austria, Belgium, Denmark, Finland, France, Germany, Italy Luxembourg, Norway, Portugal, Spain, Sweden, the Netherlands and the UK, with Switzerland pending in the next few months. 

Headquartered in Paris, AXA IM managed more than €700 billion in assets at the end of September 2016 from 21 offices in 57 countries. The company is part of the AXA Group, a global leader in financial protection and wealth management.

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