AI and Robotics

Marketing communication

The third step of technological evolution

Thanks to increasing computing power and big data, Artificial Intelligence (AI) has been expanding at a fast pace, with notably major advances in the fields of natural language processing and computer vision. 

Theme Description

The development of the Internet of Things and of standard operating systems for objects and devices could give another massive boost to AI applications over coming years. With this, smart cars, smart homes and smart factories could become reality sooner than expected.

Specifically, collaborative robots could be a major field of application as software recreating the human thought process combines with mechatronic devices gradually becoming able to replicate the five human senses. Robot adoption should benefit from falling costs and from increasing labor costs in emerging markets that make them an attractive ROI proposition.

Performances
All Time High All Time Low
PRICE: 102.87 DATE: 08-Jul-2024 PRICE: 100 DATE: 28-Jun-2024
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec annual
2024 0% 0% 0% 0% 0% 0% 2.38% 0% 0% 0% 0% 0% 2.38%
All Time High All Time Low
PRICE: 493.03 DATE: 08-Nov-2021 PRICE: 87.77 DATE: 11-Feb-2016
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec annual
2024 -1.62% 11.82% -3.54% -5.02% -2.23% 3.67% 2.37% 0% 0% 0% 0% 0% 4.58%
2023 15.13% 1.92% 6.49% -8.88% 18.64% 6.31% 5.71% -9.87% -6.66% -8.59% 18.74% 6.87% 48.15%
2022 -18.76% -0.32% -4.32% -19.30% -0.20% -8.29% 8.74% -9.57% -13.53% 0.98% 10.34% -5.16% -48.58%
2021 -0.03% 3.19% -8.28% 1.59% 1.74% 10.01% -2.68% 2.86% -1.94% 9.05% 3.22% 0.85% 19.89%
2020 -0.77% -1.86% -9.71% 17.38% 11.56% 6.10% 8.48% 3.70% -3.01% 3.97% 12.15% 4.64% 62.60%
2019 16.97% 6.79% 3.59% 2.38% -14.34% 11.72% 3.77% -3.86% 0.06% 4.20% 3.77% 4.64% 43.19%
2018 11.83% -1.34% -4.16% -5.94% 7.66% -5.39% -0.31% 9.71% -2.40% -15.42% 6.24% -11.21% -13.72%
2017 2.87% 5.05% 5.23% -0.92% 7.23% -1.61% 5.32% 5.45% 2.43% 5.05% 3.23% -2.79% 42.55%
2016 -9.77% 0.48% 8.04% 2.04% 6.51% -0.77% 11.58% 0.54% 3.60% -2.21% 3.47% 3.12% 28.09%
2015 0% 0% 0% 0% 0% 0% 0% 0% 0% 3.57% 5.18% -1.30% 7.51%
All Time High All Time Low
PRICE: 486.85 DATE: 08-Nov-2021 PRICE: 181.53 DATE: 16-Mar-2020
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec annual
2024 -1.81% 11.95% -3.47% -5.00% -2.42% 6.28% 2.09% 0% 0% 0% 0% 0% 6.73%
2023 14.34% 1.64% 6.90% -8.83% 19.49% 6.24% 6.01% -9.95% -6.45% -8.49% 18.74% 6.77% 48.96%
2022 -18.83% -0.43% -4.04% -19.36% 0.27% -8.37% 8.41% -8.95% -13.83% 0.32% 10.37% -4.65% -48.39%
2021 -0.39% 3.19% -8.02% 2.15% 1.79% 9.47% -2.40% 2.84% -1.78% 8.65% 3.26% 0.98% 20.18%
2020 0.09% -3.22% -8.97% 16.69% 10.73% 6.66% 8.72% 3.90% -2.87% 2.85% 13.01% 4.80% 62.43%
2019 0% 0% 0% 0% 0% 4.47% 5.83% -4.40% 0.34% 4.14% 4.13% 4.63% 20.33%
Statistics
data as of 10-Jul-2024
sharpe ratio 0.62
reference index MSCI ACWI Net TR (USD)
correlation 0.74
beta 1.46
Statistics
data as of 11-Jul-2024
sharpe ratio 0.48
reference index MSCI ACWI Net TR (USD)
correlation 0.79
beta 1.52
Characteristics
  • umbrella AtonRâ SICAV
  • domicile Luxembourg
  • currency USD ($)
  • isin LU2843759635
  • bloomberg ticker ATAIRFU
  • reuters ticker LP68816866
  • number of holdings 26
  • total assets USD 54Mn
  • management fees 1%
  • cut-off time 13:00:00
  • risk scale 4*
  • TICKER ATAIRFU
  • TRADE DATE T
*The actual risk can vary significantly if you cash in at an early stage and you may get back less. You may not be able to sell your product easily or you may have to sell at a price that significantly impacts on how much you get back
  • currency USD ($)
  • isin XS1035525325
  • bloomberg ticker NXSRARTI
  • number of holdings 26
  • management fees 1.3%
  • issuer fees 0.35%
  • performance fees 15%
  • cut-off time 13:00:00
  • risk scale 6*
  • TICKER NXSRARTI
  • TRADE DATE T
*The actual risk can vary significantly if you cash in at an early stage and you may get back less. You may not be able to sell your product easily or you may have to sell at a price that significantly impacts on how much you get back
  • currency USD ($)
  • isin XS1668112011
  • bloomberg ticker JMLNARAI
  • number of holdings 26
  • management fees 1.3%
  • issuer fees 0.2%
  • performance fees 15%
  • cut-off time 13:00:00
  • risk scale 6*
  • TICKER JMLNARAI
  • TRADE DATE T
*The actual risk can vary significantly if you cash in at an early stage and you may get back less. You may not be able to sell your product easily or you may have to sell at a price that significantly impacts on how much you get back
Holdings & Breakdowns
GEOGRAPHICAL BREAKDOWN
INDUSTRY EXPOSURE

Data as of 10-Jul-2024

Holdings & Breakdowns
GEOGRAPHICAL BREAKDOWN
INDUSTRY EXPOSURE

Data as of 11-Jul-2024

SFDR related information
Summary
The Fund …
Complies with article 8 of SFDR yes
Considers principal adverse impacts on sustainability factors yes
Has a sustainable investment objective no
Promotes environmental or social characteristics yes
Excludes mining, unconventional oil & gas exploration and production, weapon-related products & services, tobacco production yes
Excludes companies in severe breach of international norms, including the UN Global Compact principles on human rights, labour standards, environmental protection and anti-corruption yes
Has a specific ESG index no
No sustainable investment objective

The fund promotes environmental or social characteristics but does not have as its objective sustainable investment.

The investment strategy of Atonra AI & Robotics (“the Sub-Fund”) is to invest in companies that

contribute to the Sustainable Development Goals (“SDG”), in particular the SDG 9 “Build resilient

infrastructure, promote inclusive and sustainable industrialization and foster innovation”.

Moreover, Atonra AI & Robotics promotes climate impact mitigation by investing in economic activities with low carbon emissions as the main environmental characteristic.

Environmental or social characteristics of the financial product

To meet the main environmental and social characteristics promoted by the Sub-Fund and to measure its attainment, Atonra Partners S.A. (“Atonra” or the “Investment Manager”) starts by defining an investment universe composed of companies active in economic activities that contribute to the SDGs, in particular the SDG 9 “Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation”. The Investment Manager tracks the revenues of the different products and segments of the companies, subject to data availability from the data vendors and proper disclosure from the companies.

The Investment Manager also selects indicators linked to the Principal Adverse Impacts that are material for this Fund. For the collection of these indicators, Atonra has relied on the Principal Adverse Impacts of the Regulatory Technical Standards (Commission Delegated Regulation (EU) 2022/1288), which are subject to data availability and may evolve with improving data quality and availability. To this end, Atonra uses ESG data provided by MSCI, on top of aggregated data from other sources, to calculate the performance of these PAIs.

The Fund considers the following sustainability indicators linked with the climate impact mitigation characteristic:

– GHG emission – Scope 1, 2 and 3

– Carbon footprint

– GHG intensity of investee companies

Investment strategy

The Fund invests in long-only listed equities. The Investment Manager builds its decisions on Atonra Partners’ unique research and investment approach, which draws scientific, technological, and industrial research together with quality-oriented financial analysis.

The binding elements of the investment strategy used to select the investments to attain the SDG contribution and the climate impact mitigation characteristic are the following:

1. Thematic investing and SDG contribution

The thematic approach of Atonra ensures that all companies in the investment universe have a business activity that directly contributes to reaching the targets of the SDG 9 “Build resili-ent infrastructure, promote inclusive and sustainable industrialization and foster innovation”.

Atonra selects companies that generate at least 20% of their revenue from the theme (AI & Robotics) and its sub-themes 

2. Exclusion strategy

In line with Atonra commitment to responsible investment, this Sub-Fund adopts an exclu-sion policy relating to direct investments that are deemed incompatible with Atonra‘s ap-proach to responsible investment. The Sub-Fund excludes investment companies based on the exclusion list issued by Norges Bank (which can be found here: https://www.nbim.no/en/responsible-investment/exclusion-of-companies/)

Two categories of criteria may lead to an exclusion of companies:

  • Criteria for product-based observation and exclusion of companies
  • Criteria for conduct-based observation and exclusion of companies

3. ESG integration

Atonra uses ESG data provided by MSCI (GHG emission – Scope 1, 2 and 3 / Carbon footprint / GHG intensity of investee companies), on top of aggregated data from other sources, that are linked to Principal Adverse Impacts to integrate ESG within its investment strategy. 

Proportion of investments

A minimum of 80% will be invested in asset types aligned with the climate impact mitigation characteristic but will not make any sustainable investments.

The investments in the category Other, up to 20%, are cash, cash equivalents and equity that are not aligned with the climate impact mitigation characteristic or for which there are not sufficient ESG data available. Atonra ensures that these companies pass the other filters, namely the SDG contribution and the exclusion strategy.

SFDR

#1 Aligned with E/S characteristics includes the investments of the financial product used to attain the environmental or social characteristics promoted by the financial product.

#20ther includes the remaining investments of the financial product which are neither aligned with the environmental or social characteristics, nor are qualified as sustainable investments.

Monitoring of environmental or social characteristics

For the collection of these indicators, Atonra has relied on the Principal Adverse Impacts of the Regulatory Technical Standards (Commission Delegated Regulation (EU) 2022/1288), which are subject to data availability and may evolve with improving data quality and availability.

Atonra documents the above-mentioned principal adverse impacts and conducts regular checks to ensure that investee companies with bad PAI performance are further analyzed, to evaluate the alignment with the investment strategy (be it for current or future investments).

Our Compliance department monitors on an ongoing basis the binding elements of the fund to ensure that these are met throughout the lifecycle of the fund.

Methodologies

By construction, defining a theme creates an active screening to identify companies that meet our thematic selection criteria.

The theme universe is also subject to negative screening for binding exclusion of sectors, using the exclusion list of Norges Bank Investment Management.

Finally, we use ESG data to check the respect of our sustainable objectives. Based on ESG data, Atonra uses a pass/fail approach for selecting eligible investments and periodically reviews whether the criteria are respected over time in the portfolio.

Data sources and processing

Data sources

Atonra uses ESG data provided by MSCI, on top of aggregated data from other sources, to calculate the performance of PAIs.

Measures to ensure data quality

Quality issues or missing data trigger alerts, which are followed by manual reviews from our data engineers.

Data processing

ESG data are updated daily in our internal data platform and made available to our investment teams through our IT platform, which also provides financial and investment analytics.

Estimated data

When data is unavailable for some investee companies, Atonra fills the gap by collecting and aggregating data from other sources.

Limitations to methodologies and data

Limitation to the methodology

The Fund’s carbon emissions may be higher than a low carbon fund or benchmark as the fund is not only seeking to invest in low carbon solutions, but also in companies that are transitioning or that are enabling clean activities.

Limitation to the data sources

As Atonra considers MSCI as its sole data provider and does not verify the accuracy and completeness of the assessments and positive lists provided by MSCI, restrictions on fulfilling the sustainability criteria could arise.

In order to minimize the aforementioned limitation, Atonra has carefully selected the data provider MSCI and is in regular exchange with MSCI on developments in data quality.

We address such limitations by constantly monitoring potential new relevant data sets from external providers.

Due diligence

If any investment instrument does no longer fulfil the sustainability criteria, Atonra’s Investment Committee will assess if any decision has to be taken on the portfolio composition, whilst safeguarding the Investor’s interests.

The firm's investment committee reviews the portfolio composition on a regular basis. An external check for compliance with the sustainability criteria does not take place.

Engagement policies

Atonra does not engage directly with investee companies and does not influence business activity or risks.

Designated reference benchmark

No specific ESG index has been designated

Show all
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Asset class EQUITY
Inception date 28-Jun-2024
Currency USD ($)
ISIN LU2843759635
Ticker ATAIRFU
Issue price 100
Last price 101.75
Management company LAM Leman Asset Management SA
Custody, administration and transfer agent Société Générale Luxembourg (SGSS)
Factsheet Prospectus
PRICE: 11-Jul-2024 101.75
YTD performance 2.38 %
KIIDs
Asset class EQUITY
Inception date 06-Oct-2015
Currency USD ($)
ISIN XS1035525325
Ticker NXSRARTI
Issue price 100
Last price 375.59
Factsheet Prospectus
PRICE: 10-Jul-2024 375.59
YTD performance 4.58 %
Asset class EQUITY
Inception date 25-Jun-2019
Currency USD ($)
ISIN XS1668112011
Ticker JMLNARAI
Issue price 199
Last price 381.1
Factsheet Prospectus
PRICE: 11-Jul-2024 381.1
YTD performance 6.73 %
Contact