But just as interesting as how to invest in robotics is who is investing (which we could see as a proxy for who has the highest hopes for the sector).
There’s a fascinating article in today’s FT which tells us about the Nikko Asset Management Global Robotics Fund, which was launched in Japan last August. At the time, the fund’s creators expected that their investors would be young men. Not so. Instead, their distributors are telling them that the money is coming from “women and older investors.” He doesn’t go on to speculate why. But it makes perfect sense to me.
Japan is a fast-ageing society (although the fertility rate there has risen slightly recently) – and one of the great hopes of the robotics sector is that it will soon be able to completely transform the experience of old age. Robots will help people walk, stop them falling out of bed, get them out of bed, exercise with them and even keep loneliness at bay. So why wouldn’t Japan’s old people want to hurry things along?
The same goes for women. In Japan, care for the elderly still falls very much on women, as does housework of all kinds. So why wouldn’t they too be hoping for not just the Walk Assist robot, but also the further rise of the domestic robot?
And as for young men, if the current scare stories about robots causing mass unemployment across the world have any grains of truth in them they are among the groups that will suffer the most in Japan. Presumably that’s not something they would want to hurry along.
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