Investec broadens tech fund into global equity

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Investec Asset Management has decided to convert its Global Technology fund into a broader global equity offering.

Over 99% of investors voted in favour of the adaptation, which will re-brand as the Investec Global Dynamic fund. Investing across a wide range of global equity markets, the fund will no longer be restricted within the Technology sector. The change means the offering will be run as an onshore mirror fund to the existing offshore Investec GSF Global Dynamic fund. The offshore fund has returned 20% since Jacob Robbins took control two years ago. Investec UK distribution managing director David Aird says the fund will still take advantage of technology themes, but increasingly as part of a...

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