AllianzGI taps into artificial intelligence with new fund

Allianz Global Investors is launching Global Artificial Intelligence equity fund to profit from advancements in areas such as ‘big data’ analysis, machine learning, self-driving cares and the ‘internet of things’.

AllianzGI taps into artificial intelligence with new fund

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Unlike existing technology funds, the fund is specifically designed to benefit from AI’s disruptive potential.

“By analysing this potential and integrating those companies that will drive and benefit from it directly into the portfolio, the strategy aims to harness dynamic, sustainable growth that will cut across the market,” the firm said.

Thomas said: “We are a real pioneer in this space and, having seen such strong initial demand in Japan, I am very pleased to be bringing the strategy to a wider audience.

“We are now at an inflection point for artificial intelligence, where this kind of technology is beginning to make significant differences to the way we live our lives.

“AI’s potential to revolutionise entire industries means this fund represents an exciting opportunity for investors to access future sources of innovation and growth across the market.”

 

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