2023 | 2022 | 2021

• The fund invests in a broad universe of technology companies. It looks beyond the established mega caps, tapping directly into emerging technologies that have potential to significantly outperform the global market.
• Stocks are selected on the basis of the team’s bottom-up fundamental analysis. The fund is generally label-agnostic, and its stock-selection process cuts across traditional growth and value sectors.
• The fund typically holds 100 – 150 positions and invests across the capitalisation curve, though it believes there are many companies with smaller market caps that offer exposure to developing technologies. It is also more growth oriented, and has at least 70% of its portfolio in the Technology sector.
• The largest exposure within the fund are the Semiconductor (29.6%) and Software (24.8%) sub-sectors (as of 30 April 2023). Currently, these two sub-sectors appear attractive as they serve as a foundation upon which all other technology is built. 
• Looking forward, the fund manager is optimistic on long-term secular themes such as Generative Artificial Intelligence (AI), Big Data, Cloud Computing, Electric Vehicles, and Solar Energy.

Fund Investment Style

Source: Bloomberg Finance L.P., iFAST Compilations
Monthly total returns including gross dividends in SGD terms as of 31 Mar 2023

Source: Bloomberg Finance L.P., iFAST Compilations
Monthly total returns including gross dividends in SGD terms as of 31 Mar 2023

About the Fund Managers

The lead portfolio manager of the fund, Tony Kim, has an established track record since July 2013 and July 2017, with the BlackRock Technology Opportunities Fund and the BGF World Technology Fund respectively. He is assisted by Reid Menge and Caroline Tall, the co-portfolio manager of the fund. As part of BlackRock’s Active Equity platform, the portfolio managers can leverage both sector and industry specialists from across the firm, located in BlackRock’s 14 investment centres. The Active Equity platform is a collaborative community of over 200 active investors around the world.

The team believes that inefficiencies in the market can be exploited, and the return objective realised, through the consistent application of an active investment process that is collaborative, highly disciplined, research-intensive, multi-disciplinary, regime-aware, global in its frame of reference, and risk-informed.