The Marlborough Technology fund is set to be relaunched as the Marlborough Global Innovation fund in September, reflecting an updated investment policy that will allow manager Guy Feld to invest in a wider range of equities not “formally classified” as technology companies.
As a result of the changes to the fund's investment remit, it will move to the IA Global sector from the IA Technology and Telecommunications sector, when the changes take effect on 22 September. Marlborough said that, previously, 80% of the portfolio had to be invested in the shares of companies formally classified as either technology or telecommunications businesses but that, following the changes, Feld will have "greater freedom" to invest in businesses that have strong growth prospects because of the innovative or highly effective way they use technology or business processes. Ma...
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