Man GLG Technology Equity A R

  • 0.00p
    Price (Inc)

    These are the shares in the fund that pay out an income to clients. The income is made up of the total dividends – the money a company can pay out to its investors – from the companies in the fund.

  • -
    Price (Acc)

    These are the shares in the fund that don’t pay out an income to clients. Any dividends – the money a company can pay out to its investors – are reinvested into companies in the fund. Despite no income, the shares should be worth more over time. Good incentive, eh?

  • 5.00% 0.00%

    Initial charge

    Some funds charge you when you first invest, which is aptly known as the initial charge. They’re usually between 3-5% but at Bestinvest, we usually don’t charge you a penny!

  • 1.75%
    Annual management charge

    This is how much the fund management company charges to run the fund. It’s like paying a babysitter, dog sitter or house sitter (that makes well-informed, heavily researched changes to improve your baby/dog/house when needed).

  • 1.97%
    Ongoing charges

    This stands for Ongoing Charges Figure. It’s the cost of running a fund and includes admin fees, manager fees, administration costs, etc.

  • 0.00%
    Yield

    How much the fund is currently paying out in income to investors. It’s NOT to be confused with the overall growth of a fund – a very different thing indeed. It’s also NOT a guarantee of future pay-outs, just a snapshot. This is more what it’s not than what it is…

Fund data last updated 03 August 2007

The objective of the fund is to achieve capital growth through investing in an international portfolio of companies involved in the technology, media and telecommunications industries. It invests in large and medium size companies on an international basis, although historically a large proportion of these stocks have tended to be US listed equities. The fund is actively managed with the managers focusing on those areas they believe to at the forefront of new technology.

Fund summary

Sector Technology and Telecoms
Structure X-OEIC
Launched
Size £167m
Yield 0.00%
Charging basis Income
Dividends paid Acc units only

Charges

Standard initial charge 5.00%
Initial charge via Bestinvest 0.00%
Annual management charge 1.75%
Ongoing charges figure 1.97%

Allocation

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Investment process

To achieve their objectives the management team apply a bottom up (analyse investments in their own right) approach to selecting technology stocks. However, stocks are generally selected within the framework of the next "wave" of innovation within typically the technology, media and telecommunications industries. Therefore the managers spend a lot of time trying to identify and confirm where this may be. This process combines company visits, proprietary research, meeting key industry experts and analysis of industry information to highlight key areas of changes in demand, supply and the competitive landscape. Favoured companies tend to have the following attributes: undervalued share prices, management ownership, low liquidity risk and positive share price momentum. The fund also uses derivative strategies to try and limit losses in falling markets.

This fund has experienced a number of manager changes in recent years, the most recent of which occurred in June 2009. At this point the fund's previous manager, Hugh Grieves, left the fund and this followed the acquisition of Societe Generale Asset Management by GLG Partners, who put in place their own existing technology specialists. Whilst the latest team have so far provided positive relative returns, there joint record is still relatively short and therefore at this stage we are not considering the fund for a rating.

Manager research

Average monthly relative returns

  • 15/16 0.00%
  • 16/17 0.00%
  • 17/18 0.00%
  • 18/19 0.00%
  • 19/20 0.00%

Bestinvest MRI

  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%
  • 3 years 0.00%
  • 5 years 0.00%
  • Career 0.00%

Performance figures are based on the average of monthly percentage returns relative to the benchmark index.

Track record

Periods of worst performance

Absolute 0.00% ()
Relative 0.00% ()

About the MRI

Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level.

Allocation

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Sector breakdown

Telecommunications 23.00%
Information Technology 15.00%
Internet 14.00%
Hardware 13.00%
Others 9.00%
Semi Conductors 8.00%
Wireless & Mobile Communications 7.00%
Media 7.00%
Communications Equipment 2.00%
Retail - Property 2.00%

Portfolio

A concentrated portfolio of some 40-60 stocks.

Key Investor Information

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