CPR AM launches a new fund that invests in companies active in the deployment of AI
21 OCT, 2024
CPRAM, a subsidiary of Amundi, has announced the launch of an investment strategy dedicated to Artificial Intelligence: CPR Invest - Artificial Intelligence. The aim of this new fund is to accompany the rise of AI, which promises to transform many sectors of the economy.
CPR Invest - Artificial Intelligence is an actively managed global equity fund. The fund primarily invests in companies in the information technology sector, with a geographical focus on the United States.
In connection with the major trends that are shaping our future, CPRAM is one of the pioneers in thematic investments. Over the past few years, CPRAM has developed extensive expertise in technology stocks within its "Progress" thematic pillar (which covers, for example, disruption and medical technology topics). This expertise has enabled it to identify new trends, as well as build a strong conviction about Artificial Intelligence.
With CPR Invest - Artificial Intelligence, CPRAM offers investors the opportunity to invest in the initial phase of this technological cycle, whose development is expected to accelerate dramatically in the coming years, transforming the entire economy.
Management Team
Managed by Guillaume Uettwiller and Wesley Lebeau, CPR Invest - Artificial Intelligence complements CPRAM's thematic range, which already includes 14 investment strategies, and 18 billion euros of managed assets.
The investment universe of the CPR Invest - Artificial Intelligence fund is structured around 3 main pillars:
- AI Infrastructures: essential for the development of Artificial Intelligence and include chip manufacturers, cloud service providers (computing and data storage) and data centers.
- AI Enablers: companies that support the deployment of Artificial Intelligence by providing the necessary tools, technologies and knowledge to integrate it (data management and extraction, observability and security solutions, consulting companies…).
- AI Users: 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 new adapted index that will serve as a reference 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 to better capture the potential and challenges of this topic.
This fund is classified as Article 8 according to the European SFDR regulation and is committed to achieving at all times an ESG score higher than the ESG score of its benchmark index.
We are delighted to be able to offer our clients a new investment strategy that will allow them to expose themselves to one of the main trends of the future. Artificial Intelligence has the potential to bring greater simplicity, speed and innovation, democratizing access to new technologies. Its development is expanding the scope of what is possible, and is driving companies in many sectors to rethink their business models, considering the automation of certain tasks, the introduction of decision-making tools, and even the improvement of their operational efficiency and customer service.
Olivier Mariée, General Manager of CPRAM
At CPRAM, megatrends are positioned at the center of our strategy. Artificial Intelligence is a topic that we have been analyzing and working on for many years within our Analysis and Investment teams. We are convinced that AI will profoundly change our economies and create significant added value in the coming years. We are launching CPR Invest - Artificial Intelligence today to respond to the acceleration of AI adoption and allow our clients to invest in its entire value chain.
Hubert Segura, Director of Marketing at CPRAMCPR Invest - Artificial Intelligence offers investors the opportunity to invest in the early stage of this technology cycle.
