Po­lar launches new mega­trends fund

Au­toma­tion and ar­ti­fi­cial in­tel­li­gence are key long-term themes

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In­vest­ment com­pany Po­lar Cap­i­tal (POLR:AIM) has launched a new tech­nol­ogy mega­trends fund. Po­lar Cap­i­tal Au­toma­tion and Ar­ti­fi­cial In­tel­li­gence Fund will fo­cus on four pow­er­ful sec­u­lar themes: in­dus­trial au­toma­tion, ar­ti­fi­cial in­tel­li­gence (AI), ro­bot­ics and ma­te­ri­als sci­ence.

Fund man­ager Ben Rogoff be­lieves the next three to five years will spark a pe­riod of mas­sive dis­rup­tion ca­pa­ble of ‘un­lock­ing sig­nif­i­cant value for in­vestors’.

‘In­tel­li­gent ma­chines will re­quire a rewrit­ing of fun­da­men­tal de­sign and man­u­fac­tur­ing prin­ci­ples,’ he says. ‘We be­lieve this could prove as sig­nif­i­cant as the in­tro­duc­tion of just-in-time in­ven­tory man­age­ment and the rein­ven­tion of lo­gis­tics in the 1980s.’

The fund plans to in­vest in be­tween 50 and 80 companies from around the world and across the market size spec­trum. Its tar­get is to de­liver su­pe­rior re­turns for in­vestors above the MSCI ACWI bench­mark in­dex which has risen by nearly 50% over the past five years.

Re­tail in­vestors will in­cur a 1.3% an­nual man­age­ment charge.

Po­lar Cap­i­tal Au­toma­tion and Ar­ti­fi­cial In­tel­li­gence Fund will have a more spe­cific in­vest­ment re­mit than the as­set man­ager’s ex­ist­ing tech­nol­ogy ve­hi­cles.

These in­clude Po­lar Cap­i­tal Tech­nol­ogy In­vest­ment Trust (PCT) and Po­lar Cap­i­tal Global Tech­nol­ogy Fund (IE00B42W4J83), which have £1.8bn and $1.6bn of as­sets un­der man­age­ment re­spec­tively. (SF)

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