Colonial First State is to launch its Global Technology and Communications Oeic, in early November. ...
Colonial First State is to launch its Global Technology and Communications Oeic, in early November. The fund will be a mirror version of one launched to the Australian market and managed by Graham Hay and Stephen Arnold, from London since November 1999. Since inception, that fund has returned 68.7%, compared to 24.42% in the MSCI Global Technology and Communications index. Hay said the fund contains a concentrated portfolio of around 40 holdings. The investment style is flexible and the managers seek long-term growth companies through a bottom-up, research-based investment process seekin...
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