Asset management company Pictet has launched the Undertakings for Collective Investments in Transferrable Securities fund to back companies finding smart solutions to problems faced by increasing urbanisation. The firms it backs will cover transportation and mobility, infrastructure, property and sustainable resources and those building, running and living in the city. The company said it was taking a more precisely targeted approach than smart city investments in the past. Its fund is Pictet-SmartCity (UCITS) compliant.
Asset management company Pictet has launched the Pictet-SmartCity fund to back companies finding smart solutions to problems faced by increasing urbanisation. The firms it backs will cover transportation and mobility, infrastructure, property and sustainable resources and those building, running and living in the city. The company said it was taking a more precisely targeted approach than smart city investments in the past. Its fund is Undertakings for Collective Investments in Transferrable Securities (UCITS) compliant.