London-based Neptune Investment Management is set to launch a new global technology fund on 15 December 2015 with sterling and US dollar share classes.
The fund will be managed by Alastair Unwin, head of technology research alongside assistant manager Alex Portz.
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The fund will invest in a in a concentrated portfolio of between 40-60 securities ad will be regionally unconstrained.
With annual management charge of 0.75%, the fund will sit in the IA Technology and Telecommunication sector, using the MSCI World Information Technology Index as its benchmark.
Neptune chief executive Robin Geffen said: "We believe the current moment offers a particularly compelling opportunity in the technology sector, which is still largely misunderstood by the wider market."
"Many UK investors’ portfolios lean heavily towards UK income funds and UK bond funds and are underweight the US and Japan. Yet this is where many of the key technological disruptors are found.
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By GlobalData"By investing in those relatively few companies that are benefiting from this generational change in technology we believe the Neptune Global Technology fund will enable clients to diversify away this very major risk to their portfolios’ returns over the next decade."
Unwin said: "Technological advancement is gathering pace at an incredible rate, with the digital economy set to hit £3.2trn by 2020 according to recent estimates."
