Modern Investor - For Professional Investors

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Sturgeon Ventures and RoboCap unveil 'pure play' robotics fund

Sturgeon Ventures and RoboCap unveil 'pure play' robotics fund

Investment management firm Sturgeon Ventures and adviser RoboCap have launched a ‘pure play’ robotics fund to benefit from the industrial revolution in automation technology.

The RoboCap Ucits fund will target fast-developing companies that are emerging in the robotics sector, from 3D printer manufacturers to high precision surgical robot makers.

The fund will target double-digit annual returns by investing in listed companies mainly in the US, Japan and Western Europe. It will also focus on 22-30 long positions with an average holding period of approximately 12 months.

The emphasis will be on pure play investments but companies benefiting from the theme will also be considered.

Commenting on the launch, RoboCap’s managing partner and manager of the RoboCap fund, Jonathan Cohen, said: ‘Robotics and automation are creating disruptive changes in every single industry. But we are now at an inflection point because the cost and performance of robots and the average wages in manufacturing are now converging.’

‘The technology is improving daily so now is the time to invest yet there are few vehicles that enable investors to benefit from the sector. But as interest grows, there will be a need for specialist advisers giving access to future industry leaders.’

According to the companies, robotics and automation stocks have performed three to six times better than general equity indices with over 17% internal rate of return over the last 10 years.

Seonaid Mackenzie, managing partner at Sturgeon, added: 'Many investors are vexed as to where they can achieve returns in markets that seem to be overstretched around the world. But alpha is potentially achievable if investors focus on the right themes. We have certainly seen investors increasingly adopt a thematic approach in their search for alpha.'

The fund, which is RoboCap’s first product, is being launched as a Ucits sub-fund of the ML Capital platform overseen by Sturgeon Ventures. Sturgeon will be the portfolio manager, while RoboCap will act as the adviser.

At the end of September, Pictet Asset Management announced it was about to launch a new fund to invest in robotics and artificial intelligence technologies.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Events
  • Citywire Alternative Ucits Retreat 2017

    Citywire Alternative Ucits Retreat 2017

  • Citywire Milan 2017

    Citywire Milan 2017

  • Citywire Paris 2017

    Citywire Paris 2017

  • Citywire Deutschland 2017

    Citywire Deutschland 2017

  • Citywire DACH 2017

    Citywire DACH 2017

  • Citywire Italy 2016

    Citywire Italy 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Alt Ucits 2016

    Citywire Alt Ucits 2016

  • Citywire Berlin 2016

    Citywire Berlin 2016

  • Citywire Switzerland 2017

    Citywire Switzerland 2017

  • Citywire Amsterdam 2016

    Citywire Amsterdam 2016

  • Citywire Montreux 2016

    Citywire Montreux 2016

  • Citywire Deutschland 2016

    Citywire Deutschland 2016

  • Citywire Latin America 2016

    Citywire Latin America 2016

  • Citywire Milan 2016

    Citywire Milan 2016

  • Citywire Munich 2016

    Citywire Munich 2016

  • Citywire Paris Alt Ucits 2016

    Citywire Paris Alt Ucits 2016

  • Citywire Zurich Alt Ucits 2016

    Citywire Zurich Alt Ucits 2016