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Sanlam Investments unveils AI fund with Asia Pacific focus

Artificial_intelligenceSanlam Investments has launched the Asia Pacific Artificial Intelligence fund, a sister fund to its £800 million Sanlam Artificial Intelligence fund, which will be managed with the same “proven” approach.

The new fund, which is Ucits compliant, MSCI ESG-rated ‘A’ and domiciled in Ireland, will invest in companies with the “potential to harness the power of” artificial intelligence (AI) in the Asia Pacific region, including Japan.

Chris Ford and Giles Worthington will manage the fund, adopting the same approach as they use to run the Sanlam Artificial Intelligence fund, including the use of their “bespoke” AI application, Orbit.

According to Sanlam, its latest offering will provide exposure to “a rapidly evolving theme” in a region where in a region where AI is “already embedded in everyday life”.

The fund will be diversified across industry sector, country and company size.

Ford said: “We have long argued that AI is an important investment theme of long duration. Asia is at the leading edge of the revolution so it was natural to launch a fund with the capability of targeting companies specifically in this geographic area, which we believe will enjoy considerable competitive advantages.”

The fund will be available at a reduced founder fee for a limited time and will have a variety of share classes.

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