Credit Suisse AM takes up ‘edutainment’ theme with latest fund

Credit Suisse Asset Management claimed that its latest fund will capture a major new growth theme in the education sector.

The Credit Suisse (Lux) Edutainment Equity Fund offers investors an opportunity to invest in the early stages of the sector’s digital transformation, the firm said.

The fund invests globally in fast-growing companies that provide “innovative services, digital content, and systems and tools designed to disrupt the traditional approach to education, lower its costs and make education more accessible worldwide”.

Companies in the fund must derive more than 50% of their current or near-future revenues from “edutainment” – a term generally covering video games, TV programmes, and other material designed to be educational and fun.

“We are at a very early stage of a secular change in one of the world’s largest industries,” said Dr Kirill Pyshkin, the lead manager of the fund. “We believe that the growth potential for digital education is very strong. Education spending is expected to double within the next 15 years, and only 2% of the US$5 trillion global education market is digital.”

Asset manager CPR, owned by Amundi, quoted the same fact when it launched Europe’s first education-themed fund last year.

©2019 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST