Swiss asset management company Pictet has launched a fund investing in smart city tech.
The Pictet SmartCity fund aims to cash in on the slew of smart city start-ups developing products globally, as part of its $42bn actively-managed franchise.
Pictet is actively seeking companies working in mobility and transportation, infrastructure, real estate, sustainable resources management, as well as enabling technologies and services supporting the development of better urban environments.
The new SmartCity fund is split into 3 sectors of investment:
Building the city: Companies involved in the design, planning and construction of tomorrow’s cities, with a focus on efficiency
Running the city: Firms that provide essential infrastructure and services for the day-to-day functioning of cities in a sustainable way
Living in the city: Businesses that offer services and solutions for 21st century urban living, including housing, working and recreational activities
The manager of the strategy is Ivo Weinöhrl, senior investment manager, supported by Lucia Macaccaro, investment manager.
Weinöhrl said: “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.”
Find out about some of the UK’s smartest cities and what they are doing here.