There are untapped opportunities for investing in the robotics industry as barriers of entry are eased, says Angus Muirhead, senior portfolio manager for robotics at Credit Suisse.
The barriers to entry in the robotics industry are coming down, opening up many untapped investment opportunities in that space, according to Credit Suisse.
"We see a lot of greenfield opportunities for robotics," he told CNBC's Nancy Hungerford and Emily Tan at the Credit Suisse Asian Investment Conference in Hong Kong.The Credit Suisse Global Robotics Equity Fund, which Muirhead co-manages, invests in companies with at least 50 percent of sales that can be attributed to robotics, automation, artificial intelligence or security, according to its brochure.
"So, if someone's investing in a robotics fund, we would like to deliver as pure exposure to robotics as possible," he said. A record number of robots were put to work across North America in 2018, according to a recent report by the Robotic Industries Association. Meanwhile in Japan, some companies are running trials to have humanless warehouses that are run only by robots.
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