Forsyth Partners is to add a technology fund of funds to its Forsyth Fund offshore range in April. Ma...
Marketing director Richard Newell: "Anyone can put a portfolio together featuring Aberdeen Tech, Henderson Tech and SocGen Tech. We can add a real edge by using our proprietary fund research. This throws up opportunities in some of the emerging markets, as well as in the US and in developed Europe.
"An example is India IT, a fund run by the Unit Trust of India. Forsyth first bought this fund 18 months ago when it was priced at $12. It is now $127.
"To us, India clearly has an edge in terms of software development and we expect to see many more global software players outsourcing their software development to India."
Forsyth will also be investing in biotechnology funds. The biotech sector has been the world's best performing sector over the last three months. Fund prospects are a new launch from US giants Janus, mirroring their US mutual funds via a Dublin umbrella, and Clariden, who have an offshore biotech fund run by US group Wellington.
The Forsyth Funds range was launched at the end of June last year. Forsyth Thematic and Forsyth Balanced, respectively the most adventurous and cautious funds in the range, are top of their sectors. Forsyth Thematic is up more than 150% since launch. Some $100m has been raised into Forsyth Funds in eight months since launch.
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