CPRAM, a subsidiary of Amundi, announces the launch of an investment strategy dedicated to Artificial Intelligence: CPR Invest - Artificial Intelligence.
The aim of this new fund is to support the rise of AI, which promises to transform many sectors of the economy.
CPRAM is launching the CPR Invest - Artificial Intelligence fund, an actively managed global equity fund. The fund mainly invests in companies of the information technology sector, with a geographical focus on the United States.
Connected with the major trends that are shaping our future, CPRAM is one of the pioneers in thematic investments. Over the last few years, CPRAM has developed expertise in technology stocks within its "Progress" thematic pillar (covering: disruption and medical technologies themes as examples). This expertise has enabled the identification of new trends and built a strong conviction on Artificial Intelligence.
With CPR Invest - Artificial Intelligence, CPRAM is offering investors the opportunity to be exposed to the early stage of this tech cycle whose development is expected to accelerate sharply in the coming years, transforming the entire economy.[1]
Managed by Guillaume Uettwiller and Wesley Lebeau, CPR Invest - Artificial Intelligence enhances CPRAM's Thematic range, which already comprises 14 investment strategies representing €18 billion of assets under management .[2]
The investment universe of the CPR Invest - Artificial Intelligence fund is built around 3 main pillars:
- AI infrastructures, which are essential to the development of Artificial Intelligence, covering chip manufacturers, Cloud service providers (computing and data storage) and data centers.
- AI enablers are companies that support the deployment of Artificial Intelligence by providing the tools, technologies and expertise needed to integrate it: data management and extraction, observability and security solutions, consulting firms.
- AI users include companies that are adopting Artificial Intelligence to drive innovation, create new opportunities and optimize their operations.
In order to reflect all the dynamics of the Artificial Intelligence economy, CPRAM has collaborated with MSCI to design a customized new index that will serve as the benchmark for the CPR Invest - Artificial Intelligence fund. This new index is the MSCI ACWI IMI Artificial Intelligence Select Issuer Capped index. Its creation reflects the analysis carried out on the theme of AI and its understanding in order to best capture the potential and challenges of this theme.
This fund is rated Article 8 SFDR[3] and is committed to achieving an ESG score higher than the ESG score of its benchmark index at all times.
We are delighted to be able to offer our clients a new investment strategy that will enable them to gain exposure into a major trend of the future. Artificial Intelligence has the potential to bring greater simplicity, speed and innovation, by democratizing access to new technologies. Its development is broadening the scope of what is possible, and is prompting companies in many sectors to rethink their business models by considering the automation of certain tasks, the introduction of decision-making tools, and even improving their operational efficiency and customer service.
Expectations are high and prospective is massive around the theme of Artificial Intelligence, which could help add up to 4.4 trillion dollars of added value per year to the global economy[1]. Artificial Intelligence could create ½ billion jobs between now and 2033[4] throughout the world and make it possible to increase productivity by 40% .[1]
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