The Fleming Flagship European Technology Fund, launched last week, will invest in the UK as well as ...
The Fleming Flagship European Technology Fund, launched last week, will invest in the UK as well as on the Continent.
The fund, which is managed jointly by James Elliot and Ajay Gambhir, focuses on companies in the telecommunications sector and other infrastructure facilitators, e-commerce enablers and technology content and commerce providers.
Charges on the fund include an initial fee of 5% plus annual charges of 1.5% with a minimum initial investment of US$5,000 or currency equivalent and minimum additional investment of $5,000 or equivalent. Commission for IFAs is 3% initial and no renewal. The fund is denominated in euros.
James Elliot, joint portfolio manager of the portfolio, said: "The fund will concentrate purely on Europe for two reasons. The first is that Flemings already has US, Japan and Pacific technology funds, so the European Technology fund completes the range. The second is that Flemings believe there are more opportunities in Europe than on a global basis."
The fund's portfolio is 33% invested in telecoms, 23% invested in IT software and services, 22% in IT hardware, 11% in electronics and electrical equipment and 11% in media stocks.
Elliot said: "We believe the companies behind the current technology revolution represent some of the best investment opportunities of anywhere in the world. Already, Europe has a number of proven winners such as Nokia, Ericsson and Vodafone, which have become household names worldwide. Others such as ARM Holdings are heralding a second wave in the technological revolution."
For more information call 0800 40 30 90.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till