Marlborough Technology A Acc
• Invests in smaller technology companies listed in the US, UK and Canada
• Concentrated portfolio of around 40 to 45 stocks
• Value-orientated approach to investing in growth companies
• Portfolio diversified across a broad range of technology sub-sectors
The Marlborough Technology Fund invests in the growth potential of smaller technology companies listed in the US, UK and Canada.
Co-managers Conor McCarthy and Tadhg Cotter believe the fund’s focus on smaller technology companies in these three nations makes it a unique proposition in the UK retail fund space.
They hold a concentrated portfolio of around 40 to 45 stocks and believe that the rapid pace of change in the technology sector means fresh investment opportunities are constantly emerging, particularly in the US market, which generally represents the largest geographical weighting in the portfolio.
Conor and Tadhg are bottom-up stock-pickers, who apply a value-orientated approach to investing in growth companies.
The pair identify companies that have the potential for stronger growth than their peers. They also look for net cash, rather than debt, on the balance sheet and for high levels of investment spending on the research and development of new products.
They invest in smaller companies because fewer investment analysts and fund managers are focused on this end of the market, which means there are more opportunities to identify undervalued companies with growth potential not yet recognised by other investors.
In addition, Conor and Tadhg will consider recovery stories, where companies have experienced a challenging period but have overcome their difficulties and now offer attractive growth potential.
The portfolio is diversified across a broad range of technology sub-sectors.
Fund Nav: 633.24
Fund Yield: 0.00%
Valuation Point: 14/02/2020 - 00:00
ISA Qualifying: Yes