10 October 2024
CPRAM launches a new strategy dedicated to Artificial Intelligence
CPRAM launches a new strategy dedicated to Artificial Intelligence enabling its clients to invest into companies that are active in the deployment of Artificial Intelligence (AI)
Paris, the 10th of October 2024 - CPRAM, a subsidiary of Amundi, announces the launch of an investment strategy dedicated to Artificial Intelligence: CPR Invest - Artificial Intelligence.
The aim of this new fund is to support the rise of AI, which promises to transform many sectors of the economy.
CPRAM is launching the CPR Invest - Artificial Intelligence fund, an actively managed global equity
fund. The fund mainly invests in companies of the information technology sector, with a geographical
focus on the United States.
Connected with the major trends that are shaping our future, CPRAM is one of the pioneers in thematic
investments. Over the last few years, CPRAM has developed expertise in technology stocks within its
"Progress" thematic pillar (covering: disruption and medical technologies themes as examples). This
expertise has enabled the identification of new trends and built a strong conviction on Artificial
Intelligence.
With CPR Invest - Artificial Intelligence, CPRAM is offering investors the opportunity to be exposed to
the early stage of this tech cycle whose development is expected to accelerate sharply in the coming
years, transforming the entire economy1.
Managed by Guillaume Uettwiller and Wesley Lebeau, CPR Invest - Artificial Intelligence enhances
CPRAM's Thematic range, which already comprises 14 investment strategies representing €18 billion
of assets under management2.
The investment universe of the CPR Invest - Artificial Intelligence fund is built around 3 main pillars:
- AI infrastructures, which are essential to the development of Artificial Intelligence, covering chip
manufacturers, Cloud service providers (computing and data storage) and data centers.
- AI enablers are companies that support the deployment of Artificial Intelligence by providing the
tools, technologies and expertise needed to integrate it: data management and extraction,
observability and security solutions, consulting firms.
- AI users include 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 customized new index that will serve as the benchmark 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 in order to best
capture the potential and challenges of this theme.
This fund is rated Article 8 SFDR3 and is committed to achieving an ESG score higher than the ESG
score of its benchmark index at all times.
Olivier Mariée, CEO of CPRAM, comments: "We are delighted to be able to offer our clients a new
investment strategy that will enable them to gain exposure into a major trend of the future. Artificial
Intelligence has the potential to bring greater simplicity, speed and innovation, by democratizing access
to new technologies. Its development is broadening the scope of what is possible, and is prompting
companies in many sectors to rethink their business models by considering the automation of certain
tasks, the introduction of decision-making tools, and even improving their operational efficiency and
customer service”
Hubert Segura, CMO of CPRAM, comments: "At CPRAM, Megatrends are positioning at the heart of
our strategy. Artificial Intelligence is a theme that we have been analyzing and working on for many
years within our Research and Investment teams. We are convinced that AI will profoundly change our
economies and create significant added value in the years to come. We are launching CPR Invest -
Artificial Intelligence today to respond to the accelerating adoption of AI and enable our clients to invest
across the entire AI value chain”
Expectations are high and prospective is massive around the theme of Artificial Intelligence, which could
help add up to 4.4 trillion dollars of added value per year to the global economy1. Artificial Intelligence
could create ½ billion jobs between now and 20334 throughout the world and make it possible to increase productivity by 40%1.
1- https://www.mckinsey.com, , IMF January 2024
2- CPRAM : key figures at 06/30/2024
3- SFDR = Sustainable Finance Disclosure Regulation
4- Gartner, what generative AI means for business, 2024