The Global Technology fund is managed by Boston-based Wellington Management Company.
The fund's investment objective is to seek long-term capital growth while maintaining adequate diversification by investing in a portfolio of technology stocks.
It aims to outperform the Goldman Sachs Technology Index or an appropriate global index over a market cycle.
|
Investment Returns as at December 31 |
||||||
|
|
1yr |
2yrs |
Since inception* |
|||
|
Global Technology |
121.7 |
96.2 |
78.0 |
|||
|
Goldman Sachs Index |
88.6 |
78.4 |
58.4 |
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|
* Wellington Management returns are shown before all investment management fees and custody expenses. Index returns are before transaction costs, management fees and other expenses. |
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Investment Approach
The manager uses bottom-up security selection based on proprietary fundamental research and valuation analysis
Identify sub-sectors likely to benefit from the intermediate-term environment
The portfolio is made up of four groups, namely:
|
Top 10 Holdings as at December 31 |
|||
|
Company |
Business |
% of equities |
% Goldman Sachs index |
|
Microsoft |
Software and services |
8.6 |
7.4 |
|
Cisco |
Computer networking |
8.4 |
9.0 |
|
America Online |
Online computer services |
7.1 |
4.3 |
|
Redback Networks |
Computer networking |
5.2 |
0.0 |
|
Exodus Communications |
ISP |
4.7 |
0.0 |
|
Motorola |
Semiconductors/comms equipment |
4.5 |
2.3 |
|
Hewlett-Packard |
Computer services |
4.1 |
3.0 |
|
IBM |
Consumer prods and services |
3.9 |
4.7 |
|
Brightpoint |
Wireless communications |
3.2 |
0.0 |
|
Lucent Technologies |
Telecommunications systems |
3.1 |
6.0 |
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