Fleming tech fund will also invest in UK

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 re...