Biggest and Best Tech Funds

Despite their longer-term underperformance as a whole relative to the benchmark, analysts believe there is a place for active managers within the technology sector

Samuel Meakin 5 August, 2015 | 4:24PM

3 Best Based on Three-Year Performance

HyunHo Sohn became the sole manager of the Fidelity Global Technology fund at the end of October 2013. He had been co-manager since March 2013 and his involvement with the strategy dates back to 2011, when he was conducting research on global technology stocks. He has also managed an internal global technology fund since May 2011. Value-chain analysis is the cornerstone of the manager’s investment process, in which he buys companies that he believes are best able to profit from a particular product’s life cycle, from those producing component parts right through to those selling the finished product. Although not unique, we believe this to be an interesting approach that is considered and robust. More importantly, we believe Fidelity has the personnel in place to resource adequately the manager’s research-intensive process.

The DNB Technology fund is run by a team headed by Anders Tandberg-Johansen. The team looks for the long-term trends affecting the sector in order to identify the companies that are best positioned to benefit from these trends. Evaluation of a company’s management and its track record is a key part of the investment process, and other company attributes sought by the team include barriers to entry, scale and product demand.

The JPM Europe Technology fund is managed by the Dynamic team at JPMorgan led by Jonathan Ingram. The approach focuses on three primary factors: momentum both price and earnings, value, and quality. The process also draws on JPMorgan’s behavioural finance model with the intention of capitalising on investors’ behavioural biases.

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Samuel Meakin  is a fund analyst for Morningstar

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