Bestinvest says
The trust adopts a global approach to technology investment with exposure to companies across the market capitalisation scale. Nick Evans and Ben Rogoff are the named managers and have direct responsibility for overall asset allocation and strategy. Stock research is sub divided amongst the management team by region and company market capitalisation. The open-ended “Polar Global Technology Fund” is similar to the London-listed closed-ended investment trust “Polar Capital Technology Trust” (LSE:PCT) run by the same managers. However the directors of the investment trust have required the managers to keep the portfolio closer to the benchmark and so is less flexible. Thus we prefer the open-ended version.
The company aims to maximise capital returns through investment in a portfolio of technology companies. Stocks are selected on their potential shareholder return, not necessarily on the basis of of their technology alone. The rigorous fundamental analysis focuses on management quality, the identification of new growth markets, major global trends and on exploiting international valuation anomalies and sector volatility. Computer hardware, software and services, communications and healthcare are key sub-sectors.