News

Candriam and KIS join forces for Korea robotics fund

Robotics fundBrussels-based asset manager, Candriam, has partnered with Korea Investment and Securities (KIS) to bring its robotics fund to the South Korean market. One of the firm’s key strategies geared to address megatrends, the Candriam Equities L Robotics and Innovative Technologies fund looks at the technology revolution (Internet of Things, autonomous driving and 5G), demographic shifts and environmental issues. Johan Van Der Biest, fund manager of the Candriam Robotics fund, said: “Advanced robots will be the cornerstone of the fourth industrial revolution, which will generate substantial returns for far-sighted investors. We are only at 25% of what could be achieved in the field of robotics. Pretty soon we will see the integration of smart, internet-connected machines facilitating our daily lives. “Technological innovation is happening at a speed that has never been observed before and this will result in superior earnings growth for the industry,” he added. The robotics fund is available through a South Korean onshore vehicle. KIS has appointed Hi Asset Management to manage the vehicle. Candriam, which is owned by New York Life, has $131 billion in assets under management (AuM). Its parent company has $551 billion in AuM and KIS oversees more than $134 billion in client assets, Candriam said in a statement. ©2019 funds global asia

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