About half of the technology portfolio of the forthcoming Fleming Applied Science & Technology inves...
About half of the technology portfolio of the forthcoming Fleming Applied Science & Technology investment trust (FAST) will be invested in the US. FAST is to be the new name of the £105m Fleming Geared Growth investment trust, if approved by it shareholders. Last week Investment Week reported the proposed change of name and investment remit from UK equities to global technology stocks. The underlying portfolio of the trust will be split 70% in technology and biotech stocks and 30% in fixed interest. The majority of technology funds have a 70% weighting in the US. Sandeep Bhargava, manager...
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