Posted inTop Trumps

Mutual Fund Top Trumps: Technology – 3 April 2024

This week FSA presents a quick comparison of two technology funds: the abrdn Global Technology fund and the Fidelity Global Technology fund.
Source: FE Fundinfo. All relevant fund data converted to US dollars for comparative purposes. Performance, alpha and volatility are annualised over three years with data as reported at the end of last month. Information ratio (IR) aims to measure a portfolio manager’s consistent ability to generate excess returns relative to a benchmark. The higher the IR, the more consistent the manager is.

abrdn Global Technology fund

The fund aims to generate capital growth over the medium to long term by investing in global technology equities. The fund aims to outperform the MSCI AC World Information Technology index before charges.

Geographic exposure:

  1. USA (54.5%)
  2. Netherlands (12.2%)
  3. Israel (11.4%)
  4. Other (4.4%)
  5. Japan (3.8%)
  6. China (3.7%)
  7. Taiwan (3.3%)
  8. Cash (2.4%)
  9. France (2.1%)
  10. UK (2.1%)

Fidelity Global Technology fund

The fund invests at least 70% (and normally 75%) of its assets, in equities of companies throughout the world that develop or will develop products, process or services providing or benefiting from technological advances or improvements.

Geographic exposure:

  1. USA (56.2%)
  2. Taiwan (6.9%))
  3. China (5.5%)
  4. Korea (5.2%)
  5. Japan (4.5%)
  6. UK (4%)
  7. Germany (3.3%)
  8. Sweden (3.3%)
  9. Netherlands (2.9%)
  10. France (2%)

Part of the Mark Allen Group.