The Advanced Air Mobility (AAM) market is growing rapidly, as is the regulatory framework for the sector, and as a result of this all (100%) of the fund managers interviewed agree that the AAM sector is becoming an increasingly more attractive market to invest in. The finding comes from new global research from New Horizon Aircraft (NASDAQ: HOVR), the advanced aerospace engineering company and developer of eVTOL (electric Vertical Take-Off and Landing) aircraft (please see the attached press release).

The global study with small- and micro-cap fund managers in the US, Canada, Europe, the Middle East and Asia with collectively $82.4 billion assets under management, 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. 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 $500 million investment from Toyota and a $202 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.