Disclaimer
BY CLICKING ON “I AGREE”, I DECLARE I AM A WHOLESALE CLIENT AS DEFINED IN THE CORPORATIONS ACT 2001.
What is a Wholesale Client?
A person or entity is a “wholesale client” if they satisfy the requirements of section 761G of the Corporations Act.
This commonly includes a person or entity:
who holds an Australian Financial Services License
who has or controls at least $10 million (and may include funds held by an associate or under a trust that the person manages)
that is a body regulated by APRA other than a trustee of:
(i) a superannuation fund;
(ii) an approved deposit fund;
(iii) a pooled superannuation trust; or
(iv) a public sector superannuation scheme.
within the meaning of the Superannuation Industry (Supervision) Act 1993that is a body registered under the Financial Corporations Act 1974.
that is a trustee of:
(i) a superannuation fund; or
(ii) an approved deposit fund; or
(iii) a pooled superannuation trust; or
(iv) a public sector superannuation scheme
within the meaning of the Superannuation Industry (Supervision) Act 1993 and the fund, trust or scheme has net assets of at least $10 million.that is a listed entity or a related body corporate of a listed entity
that is an exempt public authority
that is a body corporate, or an unincorporated body, that:
(i) carries on a business of investment in financial products, interests in land or other investments; and
(ii) for those purposes, invests funds received (directly or indirectly) following an offer or invitation to the public, within the meaning of section 82 of the Corporations Act 2001, the terms of which provided for the funds subscribed to be invested for those purposes.that is a foreign entity which, if established or incorporated in Australia, would be covered by one of the preceding paragraphs.
Thematic investing
Smart Mobility
Smart Mobility focuses on the electrification and transformation of transportation, one of the most carbon-intensive business sectors. That also leaves it well positioned to capture the growth of several powerful trends gaining velocity, including autonomous driving, seamless connectivity, and the sharing economy.
% of all passenger kilometers traveled worldwide in a car
%, EVs as a share of all passenger vehicle sales globally (2023)
% year on year increase of charging points globally (2023)
Why invest in smart mobility?
Transportation is carbon-heavy, accounting for 20% of global emissions. Road transport accounts for a staggering 75% of that total, making the automotive sector critical for cleaning up the planet and clearing the path for a net-zero future. Carmakers globally have already invested billions to overhaul vehicle designs and production plants for an electrically fueled future.
In the process, they are also harnessing the power of AI and the IoT to reduce pain points such as accident avoidance and routine repairs as well as to transform the entire transportation experience through self-driving cars, interactive audio-visual interfaces, and universal connectivity with the physical and digital worlds.
The strategy
The Smart Mobility strategy sits at the intersection of this automotive revolution, investing in not just global EV manufacturers but also suppliers of essential components. Those include producers of lithium for EV batteries, and other lightweight materials needed for vehicle frames and equipment housing. It also includes makers of batteries and power management devices that store, control and distribute energy to the vehicle’s powertrain and other electronic systems.
Cars are increasingly becoming ‘computers on wheels’ which is why the strategy also invests in the suppliers of semiconductors and software that are critical for vehicle operational systems such as advanced driver assistance and autonomous driving. Investments also extend to smart grid technologies and charging stations that are needed for vehicle fueling. Moreover, opportunities are also springing from companies outside the traditional automotive sector which are providing mobility-as-a-service through robotaxis and car-sharing platforms.
In short, the strategy invests in those companies that supply the critical ingredients to create, maintain, and power intelligent, next-generation vehicle fleets.
