It will be managed by head of technology research Alastair Unwin, who said: “Technological advancement is gathering pace at an incredible rate, with the digital economy set to hit £3.2trn by 2020, according to recent estimates.
“Having the expertise to differentiate between the winners and losers of this revolution will define investment returns over the next 10 years.”
■ The fund will sit in the IA Technology and Telecommunication sector
■ It will use the MSCI World Information Technology Index as its benchmark
■ It will have a concentrated portfolio of between 40 and 60 technology securities
■ The annual management charge will be 0.75 per cent
Duncan Glassey, partner at Edinburgh-based Wealthflow, said: “The problem with individual, highly specific niche investment funds is that it leads advisers to speculate on what is going to be the next big thing and personally I do not think that’s the role of an adviser.
“Advisers need a philosophy on how money should be managed.”