French asset manager Carmignac has released the Carmignac Portfolio Tech Solutions – an equity fund tailored to capture long-term sustainable opportunities in the global technology space. Classified under Article 9 of the EU Sustainable Finance Disclosure Regulation, the fund is being marketed by Carmignac as “one of the few tech funds with a sustainable investment objective”. The organisation highlighted that AI’s expanded frontiers have meant the sector is accelerating, triggering the start of a new technology cycle and enabling long-term sustainable growth. The vehicle will utilise a blended approach, mixing a growth-focused investment strategy with value opportunities, and will be managed by the firm’s global equity strategy manager Kristofer Barrett. Barrett previously managed a tech equity strategy fund from March 2020 to February 2024 prior to joining Carmignac in April, which saw annualised excess return of 17.4% versus the tech index, and 13.8% versus the tech category average. “Our technology fund is designed to capture today, the growth of tomorrow, by investing sustainably in companies with superior management creating indispensable products, driving innovation and providing solutions for a changing world,” said Barrett.
