Putnam Global Technology Fund

This is a new strategy to the UK and confirmation will come out when it is available. However it has a track record going back to 2008 in the US. This is a fund that starts to offer investors something a little different. There are some recognisable tech names, but it is not dominated by the big tech names. 50% of what they hold is outside of the MSCI Technology index and they believe they are benchmark agnostic.

Taking this further this is also not about themes but more about finding good stock ideas. There is a mix of holdings which includes turnaround stories where they see misunderstood opportunities – two examples of this are Boston Tech and GSX.

They also have unique insight into management teams Neil’s background is in private equity and therefore he will have seen many of the management teams and tracked their performance. A good example with be Vroom who buy, sell and trade-in used vehicles online, the CEO came from Priceline which is a company they know well, meaning that they knew the management team and how they worked….read more

Fund Facts

Notes

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