Against this backdrop, BNY Mellon Investment Management (BNY Mellon IM) launched the BNY Mellon Mobility Innovation Fund in Singapore last August. The fund, which is available to Singapore retail investors, seeks to outperform the MSCI All Country World Mid Cap Index based on a smart mobility theme. It targets four sub-themes: connectivity, AVs, sharing and electrification.
SINGAPORE (May 20): Smart mobility is becoming a reality as technology continues to advance. Ride-sharing, for example, has become mainstream, thanks to the ubiquity of smartphones. On the other hand, fully electric vehicles (EVs) have yet to follow suit, despite the fact that an increasing number of hybrid vehicles is rolling off assembly lines. This comes as battery technology continues to improve, giving better mileage on a single charge.
Now, the buzz surrounding autonomous vehicles (AVs) is building up as the race to roll out 5G connectivity intensifies. The next generation of connectivity promises to be the catalyst to make AVs a reality.
