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Top performing technology equity funds

Citywire Asia presents the top five technology equity funds

In this gallery, we look at technology equity funds which emerged as top performers over the one year period ending 31 July 2018.

The analysis is based on funds that are available for sale in Singapore and/or Hong Kong. Fund performance is measured by total returns in USD terms.

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In this gallery, we look at technology equity funds which emerged as top performers over the one year period ending 31 July 2018.

The analysis is based on funds that are available for sale in Singapore and/or Hong Kong. Fund performance is measured by total returns in USD terms.

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The Polar Capital global technology fund was launched in October 2001. Since inception to end July, the fund has returned 405.5% in absolute terms, beating the reference index by 150.4 percentage points.

Year-to-date, the fund has attracted net new money totalling $824.3 million. The fund size stands at $2.7 billion as of end July 2018. 

The fund is only open to accredited investors in Singapore.

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Over one year to end July 2018, the GAM star technology fund surpassed the MSCI world information technology index by 0.7 percentage points. However, the fund's performance falls short of the index over a longer horizon - it lagged the benchmark by 20.4 percentage points and 58.7 percentage points over three years and five years, respectively.

The fund holds an underweight position (-20.0%) and a 66.1% asset allocation in the US. 

The fund is only open to accredited investors in Singapore.

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In the second quarter this year, the PARVEST disruptive technology fund outperformed the MSCI world index by 1.44 percentage points. According to the manager's commentary, this outperformance was driven by the healthcare equipment and software sectors.

Specifically, healthcare equipment firm Dexcom and software companies Square, New Relic, and CyberArk were highlighted as key contributors to the alpha.

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Following a management reshuffle in February 2017, Joseph Wilson was appointed as a replacement to Gregory Luttrell who was taken off the JPM US technology fund. Wilson currently co-manages the fund with Citywire AA-rated Greg Tuorto, who has been managing the fund since December 2009.

Since January this year, investors have added $422.1 million into the fund, lifting its assets under management to $911.9 million as of end July 2018.

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Citywire AA rated manager Tony Kim has been managing the BGF world technology fund since 3 July 2017.

Under his watch, the fund recorded 32.7% total returns, beating the MSCI AC world information technology index by 9.8 percentage points over 1 year to 31 July 2018.

In terms of sectoral allocation, the fund is most overweight on the retailing sector (+7.1%) and most underweight on the technology and hardware equipment sector (-19.4%).

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