The fund was one of the pioneer AI funds within Europe when it launched in 2017 and provides exposure to companies benefiting from the growth or deployment of artificial intelligence. All positions within the fund are held on merit - we employ a high-conviction approach and don’t use a benchmark. This ensures there is ongoing competition for capital in the fund.
Our approach works because we are genuinely agnostic about where we invest – that is, our investment universe does not begin and end in Silicon Valley. Our AI platform is a constant source of new ideas as it can scour company documents in a range of different languages (alphabetic and logographic), searching for the elements of AI that we have defined.
What stocks does the fund hold?
Within the fund, we hold a mix of established companies that are engaged with or deploying AI, as well as newer companies that are using or developing AI applications. We aren’t solely focused on the enabling technologies of AI – this is important because non-tech areas like healthcare, financials and the consumer and industrial sectors are all beginning to harness the power of AI.
We think it’s crucially important that investors understand that AI will permeate almost all areas of the global economy, and that is reflected in the composition of the fund.