High risk, high returns for new aI fund

Asset Plus Fund Management is to launch the Asset Plus Robotics Fund (ASPROBOT) for investors who are keen to invest in promising global robotics and Artificial Intelligent (AI) systems manufacturers companies that use such technology in their business.
The company's managing director Ratch Sodsatit said there was ongoing global growth in robotics and AI, with the sector forecast to keep expanding at 1015 per cent until 2025, according to the Boston Consulting Group. 
This had already been reflected in the rising share for makers of robotics and AI and for those using them to make themselves more competitive, he said.
Ratch claims that the new fund is the first equity fund in Thailand to focus specifically on promising robotics and AI businesses stocks. It aims to serve those seeking high returns but are to prepared to accept the accompanying high risk.
The fund unit will be on offer from August 21 to September 1 with a minimum investment requirement of Bt5,000.
The fund will invest mostly in the AXA World Funds Framlington Robotech fund, which is managed by AXA investment managers. 
This later fund focuses on global stocks with high growth potential. The rest of its investment is on foreign fixed income and or structured notes linked to companies that manufacturer or deploy robotics and AI in their businesses.