Pictet Asset Management has added a new investment strategy which will take advantage of the growth potential of smart city solutions.
Pictet Asset Management, one of the largest independent asset and wealth management organisations in Europe, has added a new strategy to capture the strong growth potential of companies finding smart city solutions.
The new investment strategy, titled Pictet-SmartCity, will allow investors to fund companies around the world across a variety of sectors, including:
- Mobility and transport
- Infrastructure
- Real estate
- Management of sustainable resources
- Smart city technologies
These areas are among those set to face the greatest transformation under the transition to smarter cities, and therefore also represent the greatest potential for growth. They are areas in which companies and stakeholders are increasingly taking advantage of the data of citizens to develop innovative products, which will contribute to the improvement of quality of life in cities around the world.
How will the new smart city fund direct its investments?
Investments made through the smart city fund will support three main areas of smart city development, including companies involved in the design, planning and construction of cities – particularly those focused on improving efficiency, both in the building and operation of cities; businesses providing the essential infrastructure and services for the sustainable day-to-day function of the city; and organisations offering smart city solutions to ensure the best possible quality of life for citizens.
Ivo Weinöhrl, senior investment manager of the smart city strategy, emphasised the investment opportunities that these developments are creating: “Cities are having to adapt to manage rapidly growing populations, while seeking to reduce their environmental impact. This is creating abundant investment opportunities for our clients. We believe that the new addition to the thematic franchise will offer an original investment proposition, underpinned by the powerful long-term trends of demographic change, economic growth, sustainability and technological progress.”
