Polar Capital Technology enters the FTSE 100 Index
Polar Capital Technology Trust plc Enters The FTSE 100 Index
First launched in 1996, Polar Capital Technology Trust plc (PCT) today enters the prestigious FTSE 100 Index for the first time.
Commenting on the news, Gavin Rochussen, Chief Executive of Polar Capital, said:
"This marks a significant milestone and is a testament to the many years of hard work, dedication and expertise of lead manager Ben Rogoff, who has managed the trust since 2006, along with Deputy Manager Alastair Unwin and the wider Polar Capital Technology team.
"Originally launched in 1996 as Henderson Technology Trust plc, the management contract was transferred to Polar Capital in 2001, shortly after the firm was established by then-fund managers Tim Woolley and Brian Ashford-Russell. Having witnessed the company grow to £4.6bn in assets, we would like to sincerely thank the Board of the Trust, past and present, and our many investors for their continued support."
Catherine Cripps, Chair of PCT, added:
"Through what has been a challenging period for the investment trust sector, it is pleasing to see Polar Capital Technology Trust go from strength to strength, under the diligent stewardship of Ben Rogoff, Alastair Unwin and the Polar Capital Technology team. To enter the FTSE 100 Index is no ordinary feat and I and my fellow board members are delighted to see the Company reach this milestone."
Lead Fund Manager, Ben Rogoff, commented:
"It has been a great privilege to be part of the Polar Capital Technology Trust journey, which began nearly 25 years ago. In the early days, Brian had to convince UK investors of the merits of technology investment; today, our companies need no introduction.
"PCT's progress would not have been possible without the support of Nick Evans, Fatima Iu, Xuesong Zhao, Ali Unwin and our investment team, as well as countless others at Polar Capital. I am also grateful to the Board-past and present-for its unwavering support and stewardship over the years.
"More than anything, our inclusion in the FTSE 100 Index reflects the extraordinary nature of technology, its ability to reinvent industries, create massive new markets and drive superior returns for investors. Technology has conquered distance, connected billions and democratised knowledge. Today, rapid innovation is propelling AI towards superhuman capability. While market fluctuations are inevitable, PCT is well positioned for the AI-era which we expect to be one of the most exciting and transformative investment opportunities of our lifetimes."
For more information about the trust, please visit http://www.polarcapitaltechnologytrust.co.uk
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Catherine Cripps - Chair
Polar Capital Technology Trust plc |
Ben Rogoff - Lead Fund Manager
Polar Capital LLP
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Edward Gibson-Watt - Corporate
Stifel Nicolaus Europe Limited
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Tel. 020 7227 2700 |
Tel. 020 7227 2700 |
Tel. 020 7663 3227 |
Disclaimer
Important information: This document does not constitute an offer or solicitation of an offer to make an investment into any fund managed by Polar Capital. Polar Capital LLP is a limited liability partnership number OC314700. It is authorised and regulated by UK Financial Conduct Authority and registered as an investment adviser with the US Securities & Exchange Commission. A list of members is open to inspection at the registered office, 16 Palace Street, London, SW1E 5JD.
The law restricts distribution of this document in certain jurisdictions; therefore, persons into whose possession this document comes should inform themselves about and observe any such restrictions. It is the responsibility of any person or persons in possession of this document to inform themselves of, and to observe, all applicable laws and regulations of any relevant jurisdiction. The information contained herein does not seek to make any recommendation to buy or sell any particular security or to adopt any specific investment strategy. All opinions and estimates in this report constitute the best judgment of Polar Capital as of the date hereof, but are subject to change without notice, and do not necessarily represent the views of Polar Capital. Past performance is not a guide to or indicative of future results.
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