Activest, HypoVereinsbank's investment group, has launched the first nanotechnology fund and is pred...
Activest, HypoVereinsbank's investment group, has launched the first nanotechnology fund and is predicting the area will be a 'megatrend'.
The Activest Lux NanoTech fund will invest in companies that achieve or will achieve a substantial part of their aggregate value-added through nanotechnology-related activities.
Nanotechnology deals with researching, developing and using extremely small structures the size of atoms or molecules. They can be used to develop products that are greatly improved or that have entirely new properties, such as highly scratch resistant surfaces for industry, efficient catalysts in energy and environmental technology, or compact data memories in information technology.
Markus Gunter, general manager of Activest marketing, said: 'Nanotechnology will contribute tremendously to companies' innovative strength and competitiveness. Those companies which spearhead the use of this technology will hold key positions in the future.'
The fund is a long-term investment which promises strong potential for performance, according to Activest.
'Given the current market environment, we are deliberately initiating this anti-cyclical product which opens up futuristic opportunities to our investors,' added Gunter.
The fund is managed by a team that invests in a variety of nanotechnology sectors including nano-materials, process equipment and measuring instruments, nano- systems and microsystems and nanotechnology-refined end products.
The investments include suppliers whose equipment makes research into nanotechnology possible and should be the first to benefit from increasing investment in this area, according to Activest.
The fund also holds product and application-oriented small and mid-caps which have already proven themselves within the market.
These companies must have solid financing, time-tested management, a high degree of innovation, dominance in the technology or 'first profiter' status to be considered for investment by the fund.
The fund will also invest in large caps with a nanotechnology research focus, which are mostly semi-conductor companies.
The fund's main focus is on the US, which provides 70% of its positions, because that is where most of the relevant listed companies are, but it also invests 16% in Europe.
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