BNP Paribas Asset Management has launched a new fund that will invest in innovative technologies disrupting businesses.

The new fund, named Parvest Disruptive Technology fund, will incorporate top down and bottom up analysis as well as thematic and industry analysis to identify firms that are enabling or benefitting from technology themes.

Comprising 30 to 50 holdings, it will invest in companies with a minimum market capitalisation of $1bn.

The fund will be managed by Pam Hegarty, who works within the firm’s global specialist and thematic equity team.

“Parvest Disruptive Technology identifies and invests in those companies that are leaders in or beneficiaries of transformational technologies, while avoiding those that are threatened by the forces of change.  We believe that companies that enable or adopt innovative technologies and business models will produce superior long-term growth and returns on invested capital,” Hegarty stated.