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Aminvest launches first robotics fund in Malaysia

The robotics-themed equities fund is a feeder fund investing in a Luxembourg-domiciled product from Axa.
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Aminvest, the asset management arm of Malaysia’s Am Bank Group, has launched a robotech fund targeting the domestic wholesale market.

The product aims to gain exposure to global companies that use and manufacture robo-technology, according to a statement from Aminvest. Robo-technology, as the firm defines it, includes industrial automation, driverless vehicles, robotics-assisted surgeries and artificial intelligence.

The underlying fund, the Luxembourg-domiciled Axa World Funds Framlington Robotech Fund, launched in 2017 and has an AUM of $970.1m as of today, according to FE Analytics.

It is co-managed by London-based Tom Riley and Jeremy Gleeson at Axa Investment Managers. Benchmarked to the MSCI AC World Index, the portfolio currently holds a total of 59 stocks.

In terms of geographical allocation, the fund invests around 65% of assets in US companies, followed by Japan (17%) and Germany (9.4%). Its top holdings include Amazon (3.2%), Alphabet (3.12%), and Osaka-based automation machine maker Keyence.

The feeder fund is distributed by Am Bank, Am Private Banking of Am Investment Bank, Philip Mutual and i-Fast Capital.

At the end of June, Aminvest managed aggregate assets of RM37.3bn ($9.13bn) from 80 funds plus 25 shariah-compliant funds, according to the firm’s official website.

 

Top ten holdings as of end-June

Amazon (3.22%)

US

Alphabet (3.12%)

US

Keyence (3.01%)

Japan

PTC (2.71%)

US

Siemens (2.62%)

Germany

Intuitive Surgical (2.45%)

US

Apple (2.34%)

US

Thermo Fisher Scientific (2.32%)

US

Teradyne (2.28%)

US

Infineon Technologies (2.27%)

Germany

Source: fund factsheet

 


 

The performance of the Axa World Funds Framlington Robotech Fund

Source: FE, in US dollars. The fund is registered for sale to Singapore professional investors. Data since the fund’s inception in Singapore in 2017.

Part of the Mark Allen Group.