Smith & Williamson Artificial Intelligence – The Times
What the fund does
It invests in companies developing artificial intelligence systems. AI is used in everything from farming, where technology can tell which fruit are ripe enough to pick, to quality control on manufacturing lines, such as detecting whether there are enough toppings on frozen pizzas.
What it invests in
While about half the fund’s investments are in the US, it also holds Japanese, Chinese and Italian stocks. Top holdings include the US credit reporting agency TransUnion, the German software business SAP and Japan’s Keyence, which makes sensors and barcode readers.
The fund was launched a year ago and has delivered a return of 14.3% since then. A recent rout in the technology sector hit performance and it is down 7.8% over the past…