Nearly nine out of 10 (86%) fund managers say that their organisation will be investing in the Advanced Air Mobility sector over the next three years. This new research from PureProfile, commissioned by Horizon Aircraft, includes a of survey 100 small- and micro-cap fund managers in the US, Canada, Europe, the Middle East and Asia.
The global study “found two in five (39%) of the fund managers interviewed will either be investing for the first time or plan to increase their current level of investment in the Advanced Air Mobility sector,” says Horizon in a press statement. “Almost one half (47%) say they will maintain their current level of investment in the sector, which is experiencing rapid technological development particularly in eVTOL aircraft and battery technologies. The sector’s attractiveness has been underlined by Joby Aviation, which has been bolstered recently by a USD500 million investment from Toyota and a USD202 million equity raise.
“When asked to list their current top five most attractive sectors for micro and small-cap investors, financial services and manufacturing lead the way (63%), followed by technology (48%), real estate (41%) and consumer durables (39%). The least attractive sectors for small-cap investors are utilities and energy / renewables, which respectively featured on 20% and 18% of respondents’ top five list.
Brandon Robinson, CEO of Horizon Aircraft, said: “It is clear that fund managers recognise the potential that can be realised from investing in the Advanced Air Mobility sector. The market is poised for substantial growth, which is being driven by technological advancements, an increasingly clear regulatory path, and the clear need to overcome environmental and sustainability challenges presented by growing urbanization and traffic congestion.”
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(Image: Horizon Aircraft)