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
|Intuitive Surgical (2.45%)|
|Thermo Fisher Scientific (2.32%)|
|Infineon Technologies (2.27%)|
Source: fund factsheet