Pothier adds tech and health on long-term bets

HSBC Global Asset Management's Nick Pothier has added the Polar Capital Technology and Healthcare funds to his Open Global Return vehicle as part of a long-term bet on the sectors.

Pothier has added a 2.5% allocation to each of the Polar Capital funds in his £129.49m multi-manager fund after identifying both technology and demographic change as key long-term themes. The two funds sit in the “Global Thematic Equity” pocket of the fund alongside the Impax Environmental Markets fund and Imara African Opportunities, which have been held in the fund since inception in November 2006. Pothier, who last week announced his intention to return to his native South Africa to pursue an interest in sustainable farming, says the theme of demographic change covers a rising glob...