Carmignac has launched the Carmignac Portfolio Tech Solutions fund, an SFDR Article 9 strategy aimed at long-term sustainable holdings within the technology field.
The Luxembourg-domiciled UCTIS fund will be managed by head of global equities Kristofer Barrett, who joined Carmignac in April.
Before joining, Barrett was a senior portfolio manager at Swedbank Robur where he spent near 18 years. This included management of the Swedbank Robur Technology fund from 2020 to 2024, with over $15bn assets under management.
During this period, the fund had a 13.8% annualised excess return compared to the tech category average.
Barrett is also manager of the global equity strategy Carmignac Investissement and co-manager of the multi-asset strategy Carmignac Patrimoine.
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“Our technology fund is designed to capture today, the growth of tomorrow by investing sustainably in companies with superior management creating indispensable products, driving innovation and providing solutions for a changing world,” Barrett said.
The strategy invests across all market caps with a focus on US and Asia. It is intended for investments of at least five years, and rates a five out of seven on Carmignac’s risk scale.
Maxime Carmignac, CEO of Carmignac UK and head of strategic product development, said: “Technology has been a high conviction investment theme at Carmignac for many years. With technology becoming more pervasive, we believe Kristofer is the ideal portfolio manager to navigate this unchartered phase.
“He has demonstrated his great stock-picking abilities in both rising and declining markets, resulting in considerable and consistent outperformance. I am looking forward to introducing this new investment solution to our clients, many of whom are eager to gain exposure to tomorrow’s tech champions via a highly selective approach.”
