EuroTech to run 50-strong portfolio

By Leo Bland Royal & SunAlliance's just launched technology fund will run an initial portfolio of 50 stocks and will take a pan-European investment approach. The Oeic sub-fund, called EuroTech, is being run by Stephen Martin who has 13 years' experience in European and Japanese equities. He will lead a team of eight including two other fund managers, Europe specialist Aaron Barnfather and UK smaller companies investment manager Jamie Constable. Five analysts will also assist Martin. The model portfolio has 24% in software, 20% in telecoms and 23% in hardware. Other weightings include 14...