Robotics and Physical AI

Past performance does not predict future returns. You may get back less than you originally invested. Reference to specific securities is not intended as a recommendation to purchase or sell any investment. 

If 2024 was the year of the AI agent, 2025 is proving to be the year of the robot. Three technological breakthroughs – vision transformers, synthetic data generation, and reinforcement learning – have converged to make physical AI commercially viable at scale.

This report examines the compelling economics driving mass adoption, from factory automation delivering 58% ROI to humanoids reaching cost parity with human labour by 2028. The Liontrust Global Innovation team also identify where value is migrating across the robotics stack and which companies, from full-stack players to component specialists, have the right to win in this transformative cycle.

KEY RISKS

Past performance does not predict future returns. You may get back less than you originally invested.

We recommend this fund is held long term (minimum period of 5 years). We recommend that you hold this fund as part of a diversified portfolio of investments.

The Funds managed by the Global Innovation team:

  • May consider environmental, social and governance ("ESG") characteristics of issuers when selecting investments for the Funds.
  • May hold overseas investments that may carry a higher currency risk. They are valued by reference to their local currency which may move up or down when compared to the currency of a Fund.
  • May have a concentrated portfolio, i.e. hold a limited number of investments or have significant sector or factor exposures. If one of these investments or sectors / factors fall in value this can have a greater impact on the Fund's value than if it held a larger number of investments across a more diversified portfolio.
  • May encounter liquidity constraints from time to time. The spread between the price you buy and sell shares will reflect the less liquid nature of the underlying holdings.
  • Outside of normal conditions, may hold higher levels of cash which may be deposited with several credit counterparties (e.g. international banks). A credit risk arises should one or more of these counterparties be unable to return the deposited cash.
  • Do not guarantee a level of income.

The risks detailed above are reflective of the full range of Funds managed by the Global Innovation team and not all of the risks listed are applicable to each individual Fund. For the risks associated with an individual Fund, please refer to its Key Investor Information Document (KIID)/PRIIP KID.

The issue of units/shares in Liontrust Funds may be subject to an initial charge, which will have an impact on the realisable value of the investment, particularly in the short term. Investments should always be considered as long term.

DISCLAIMER

This material is issued by Liontrust Investment Partners LLP (2 Savoy Court, London WC2R 0EZ), authorised and regulated in the UK by the Financial Conduct Authority (FRN 518552) to undertake regulated investment business.

It should not be construed as advice for investment in any product or security mentioned, an offer to buy or sell units/shares of Funds mentioned, or a solicitation to purchase securities in any company or investment product. Examples of stocks are provided for general information only to demonstrate our investment philosophy. The investment being promoted is for units in a fund, not directly in the underlying assets.

This information and analysis is believed to be accurate at the time of publication, but is subject to change without notice. Whilst care has been taken in compiling the content, no representation or warranty is given, whether express or implied, by Liontrust as to its accuracy or completeness, including for external sources (which may have been used) which have not been verified.

This is a marketing communication. Before making an investment, you should read the relevant Prospectus and the Key Investor Information Document (KIID) and/or PRIIP/KID, which provide full product details including investment charges and risks. These documents can be obtained, free of charge, from www.liontrust.com or direct from Liontrust. If you are not a professional investor please consult a regulated financial adviser regarding the suitability of such an investment for you and your personal circumstances.

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Storm Uru

Storm Uru

Storm is the co-head of the Global Innovation team. Prior to Liontrust, Storm worked as a fund manager at Neptune Investment Management, running global funds. He holds an BBS in finance and MBS in international business from 

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Clare Pleydell-Bouverie

Clare Pleydell-Bouverie

Clare is co-head of the Global Innovation team, having joined in 2022. She previously worked in global equities at Neptune Investment Management and in private equity research across a variety of industries.

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