The Investec Guinness Flight tracker fund, the Guernsey-based Guinness Flight Wired® Index fund has a...
The constituent changes in the index are the first since launch in June 1998.
The dollar-denominated Investec Guinness Flight fund was launched in August 1999 and has been appreciated by 46% compared to returns of 17.6% of the MSCI World over the same period.
The Wired Indextm consists of 40 'New Blue Chips' and was designed by a committee of Wired® editors.
It aims to track the new information economy of the 21st century and includes the companies that are deemed to be transforming the Old Economy by introducing new technologies and networks, as well as demonstrating other leadership qualities such as globalism, strategic vision and innovation.
Spencer Reiss, Wired® contributing editor, said: "Our rule on changes is the same as the Dow Jones Industrial Average. When one of the listed companies undergoes a fundamental change in its status - in this case, the takeover of Monsanto by Pharmacie & Upjohn - we take that as a trigger and re-examine the whole list."
Although the index is often thought of as a technology index, in fact more than 50% of the companies in it represent non-tech companies that are showing innovative use of information technology.
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress