New Thematic Innovation Fund launched
A new fund has been launched by iA Financial to give investors a different way to invest by focusing on innovation.
The new Thematic Innovation Fund will invest in companies from all sectors that are benefitting from technological advances or that are prospering in a perpetually changing environment.
The fund is managed by Jean-Pierre Chevalier, portfolio manager at iA Investment Management (iAIM).
"The investment strategy focuses not strictly on investing in technology itself, but instead on targeting companies that are benefitting from changes caused by technological innovations and avoiding those that will be negatively impacted," he explains.
The fund focuses on four key themes - intelligent connectivity, future energy, industrial digitisation and next generation genomics – but with more than 40 related sub-themes.
"This new fund will meet our advisors' need to differentiate themselves in a competitive market by introducing new solutions for innovative investments," adds Chevalier.
iA says the fund has shown a very attractive net return and performed better than its reference index (S&P 500) with similar risk. It also allows unit holders to benefit from all the advantages of segregated funds with a very competitive management expense ratio, starting at 2.20%.
