For professional investors in Argentina

Global Technology and Innovation Fund

Seeks to invest in growth companies driving innovation or benefiting from advances in technology

ISIN
IE0002167009

NAV
EUR 22.84
As of 18/06/2021

1-Day Change
EUR -0.10 (-0.44%)
As of 18/06/2021

Morningstar Rating


Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.

Overview

INVESTMENT OBJECTIVE

The Fund aims to provide capital growth over the long term.
Performance target: To outperform the MSCI ACWI Technology Index by at least 2% per annum, before the deduction of charges, over any 5 year period.

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The Fund invests at least 80% of its assets in a concentrated portfolio of shares (also known as equities) of companies, of any size, which are technology-related or derive profits from technology, in any country.
The Fund may also invest in other assets including cash and money market instruments.
The investment manager may use derivatives (complex financial instruments) to reduce risk, to manage the Fund more efficiently, or to generate additional capital or income for the Fund.
The Fund is actively managed with reference to the MSCI ACWI Technology Index, which is broadly representative of the companies in which it may invest, as this forms the basis of the Fund’s performance target. The investment manager has discretion to choose individual investments for the Fund with weightings different to the index or not in the index, but at times the Fund may hold investments similar to the index.

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The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the prospectus, and where relevant, the key investor information document before investing.
This website is for promotional purposes and does not qualify as an investment recommendation.

ABOUT THIS FUND

  • Seeks to invest in companies that create and benefit from advances in technology
  • Balances resilient companies with those with growth potential to seek an optimal mix of risk and growth
  • Process focused around analysts with over 120 years of combined experience
Past performance is not a guide to future performance. 
 

PORTFOLIO MANAGEMENT

Denny Fish

Portfolio Manager | Research Analyst

Industry since 2004. Joined Firm in 2016.

Performance

Past performance is not a guide to future performance. All performance data includes both income and capital gains or losses and reflects the deduction of any ongoing charges or other fund expenses.
Discrete Performance (%)
As of 31/03/2021
A2 HEUR (Net) MSCI ACWI Technology NR Hgd EUR
  
Mar-2020 - Mar-2021 Mar-2019 - Mar-2020 Mar-2018 - Mar-2019 Mar-2017 - Mar-2018 Mar-2016 - Mar-2017
A2 HEUR (Net) 66.80 2.18 7.65 30.83 25.57
MSCI ACWI Technology NR Hgd EUR 66.85 4.38 7.22 24.90 23.25
 
Mar-2020 - Mar-2021 Mar-2019 - Mar-2020 Mar-2018 - Mar-2019 Mar-2017 - Mar-2018 Mar-2016 - Mar-2017
A2 HEUR (Gross) 70.85 4.68 10.36 34.14 28.87
MSCI ACWI Technology NR Hgd EUR + 2.00% 70.18 6.48 9.36 27.39 25.72
Cumulative & Annualised Performance (%)
As of 31/05/2021
A2 HEUR (Net) MSCI ACWI Technology NR Hgd EUR
  
  Cumulative Annualised
1MO YTD 1YR 3YR 5YR 10YR Since Inception
31/03/2000
A2 HEUR (Net) -1.83 5.28 41.91 22.34 24.93 15.87 3.78
MSCI ACWI Technology NR Hgd EUR -1.18 5.85 43.18 22.32 24.27 17.28 3.70
 
  Annualised
3YR 5YR 10YR Since Inception
31/03/2000
A2 HEUR (Gross) - 28.06 18.81 6.41
MSCI ACWI Technology NR Hgd EUR + 2.00% - 26.76 19.63 5.77
CALENDAR YEAR RETURNS (%)
A2 HEUR (Net) MSCI ACWI Technology NR Hgd EUR
2016 2017 2018 2019 2020
A2 HEUR (Net) 9.96 37.88 -4.26 38.07 45.84
MSCI ACWI Technology NR Hgd EUR 10.65 36.62 -7.70 43.19 40.64
 
2016 2017 2018 2019 2020
A2 HEUR (Gross) 12.89 41.37 -1.83 41.45 49.39
MSCI ACWI Technology NR Hgd EUR + 2.00% 12.86 39.34 -5.84 46.05 43.46
FEE INFORMATION
Initial Charge 5.00%
Annual Charge 1.50%
Ongoing Charge
(As of 31/12/2020)
2.41%

Portfolio

Top Holdings (As of 31/05/2021)
% OF FUND
Microsoft Corp 9.30
Facebook Inc 5.43
Amazon.com Inc 4.74
ASML Holding NV 4.63
Taiwan Semiconductor Manufacturing Co Ltd 4.58
Mastercard Inc 4.39
Adobe Inc 4.05
Alphabet Inc 3.72
NVIDIA Corp 3.64
Apple Inc 3.60
Total 48.08
Sector Allocation % OF FUND % OF FUND (As of 31/05/2021)
Information Technology 68.11
Communication Services 14.52
Consumer Discretionary 9.28
Industrials 2.75
Financials 1.60
Real Estate 1.23
Cash & Equivalents 2.51
Regional Allocations % OF FUND % OF FUND (As of May 31, 2021)
North America 79.56
Asia/Pacific Ex Japan 10.34
Europe 5.08
Africa/Mideast 2.51
Cash & Equivalents 2.51

Documents

  • The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than you originally invested.
  • Past performance is not a guide to future performance.
  • Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
  • Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
  • Shares of small and mid-size companies can be more volatile than shares of larger companies, and at times it may be difficult to value or to sell shares at desired times and prices, increasing the risk of losses.
  • If a Fund has a high exposure to a particular country or geographical region it carries a higher level of risk than a Fund which is more broadly diversified.
  • The Fund is focused towards particular industries or investment themes and may be heavily impacted by factors such as changes in government regulation, increased price competition, technological advancements and other adverse events.
  • This Fund may have a particularly concentrated portfolio relative to its investment universe or other funds in its sector. An adverse event impacting even a small number of holdings could create significant volatility or losses for the Fund.
  • The Fund may use derivatives towards the aim of achieving its investment objective. This can result in 'leverage', which can magnify an investment outcome and gains or losses to the Fund may be greater than the cost of the derivative. Derivatives also introduce other risks, in particular, that a derivative counterparty may not meet its contractual obligations.
  • If the Fund holds assets in currencies other than the base currency of the Fund or you invest in a share class of a different currency to the Fund (unless 'hedged'), the value of your investment may be impacted by changes in exchange rates.
  • When the Fund, or a hedged share/unit class, seeks to mitigate exchange rate movements of a currency relative to the base currency, the hedging strategy itself may create a positive or negative impact to the value of the Fund due to differences in short-term interest rates between the currencies.
  • Securities within the Fund could become hard to value or to sell at a desired time and price, especially in extreme market conditions when asset prices may be falling, increasing the risk of investment losses.
  • The Fund could lose money if a counterparty with which the Fund trades becomes unwilling or unable to meet its obligations, or as a result of failure or delay in operational processes or the failure of a third party provider.
  • Information on compliance with EU sustainable related disclosures can be found here.
  • Funds incur costs as a necessary part of buying and selling the underlying investments, these are otherwise known as portfolio transaction costs, and include charges such as broker commission and Stamp Duty.
  • For detailed product information including the risks associated with investing please read the relevant Prospectus or Annual Report.
  • Before investing in any of our funds you should satisfy yourself as to the suitability and the risks involved.
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