Fund Focus: The Polar Capital Technology Investment Trust

The Polar Capital Technology Investment Trust is a FTSE Listed Investment Company (Investment Trust) that buys shares in technology companies.

[http://www.polarcapitaltechnologytrust.co.uk/]

The financial fundamentals are:-

[http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?username=&ac=&csi=12294&record_search=1&search_phrase=pct]

The share price is about £4.46. The market capitalisation is £572 Million.

The Top Ten holdings are:-

Google 6.4%
Apple 5.8%
Cisco Systems 2.8%
Samsung Electronics 2.5%
Facebook 2.3%
Microsoft 2.0%
Amazon 2.0%
Qualcomm 1.9%
Oracle 1.7%
SAP 1.6%

These ten holdings make up 29% of the total holdings.
70% of the holdings are in the USA so clearly the investment has significant exposure to currency movement of the US Dollar to UK Sterling.

Interesting to see that “financial companies” like MasterCard are in the portfolio of investments of The Polar capital Investment Trust. Not surprising, these companies like banks are really technology companies, due to their investment in global technology. Perhaps one can say, Global Banking and Financial Markets  companies are really technology businesses

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