InvestmentsDec 17 2015

Neptune in global tech launch

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Neptune Investment Management has launched a global technology fund, which aims to generate capital growth.

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.”

Key features

■ 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

Adviser view

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.”