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AXA Framlington Global Technology Fund Class Z - Accumulation (GBP)

Sell:763.80p Buy:763.80p Change: 7.70p (1.00%)
Prices as at 22 July 2024
Change: 7.70p (1.00%)
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 22 July 2024
Change: 7.70p (1.00%)
Prices as at 22 July 2024
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Our view on this Fund

This fund does not feature on the Wealth Shortlist of funds our analysts believe have the potential to outperform their peers over the long term. This is not a recommendation to sell; however, if you are thinking of adding to your investments, we believe the Wealth Shortlist is a good place to start. View funds on the Wealth Shortlist »

This fund could add diversification and boost the long-term growth potential of a more adventurous portfolio. Investing in a specialist area adds risk though, and our analysis shows it's difficult for managers investing in a specialist area of the market to perform better than their benchmark through good stock picking over the longer term. That's why we're not currently considering it for the Wealth Shortlist of funds chosen by our analysts for their long-term performance potential. We think specialist funds like this should usually only form a small part of a well-diversified investment portfolio.

Our view on the sector

Technology is behind almost everything we do. There will be significant winners, like Google and Amazon, large companies that fall from grace like Blackberry and Nokia, unproven companies surrounded by hype, like Uber, and smaller, speculative start-up companies that could blossom or fail altogether. Technology is an exciting sector with many interesting companies, but investing in a single area is higher-risk and a long-term investment approach is essential. A few large companies can also dominate the sector. Most technology funds invest heavily in the US which remains a global technology hub.

Performance Analysis

The fund's significantly outperformed the broader Technology and Telecoms market, both since launch in April 1999 and since Jeremy Gleeson became lead fund manager in July 2007. Our analysis puts this down to the manager's ability to select companies with strong long-term growth potential. Remember past performance isn't a guide to the future.

Investment Philosophy

The team behind the fund focus on investing in companies with progressive, quality management and high potential growth and profitability prospects. This may include exposure to smaller companies and some emerging markets, which both add risk. The managers feel that technology and innovation can drive change across the whole economy and investing over the long term is key.

Process and Portfolio Construction

The managers aim to build strong, long-lasting relationships with both the companies and their management teams, as they feel this provides an opportunity for higher levels of engagement, better insight into the company's actions and access to more accurate and honest information.

Trust in management and being able to understand the reasons behind strong or poor performance is key for long-term investing. Acting too rashly by removing or adding to the fund's investments may hinder performance, so a long-term focus has been embedded in the managers' investment process. On the other hand, higher-risk start-up or 'blue sky' companies are avoided by the managers. They believe these are largely unprofitable and tend to disappoint in the early stages.

The United States is home to some of the best-known and fastest growing technology companies in the world, so it shouldn't be a surprise that the managers invest the majority of the fund here. The rest of the fund is invested in companies across the UK, Europe and Asia.

question mark Manager Track Record Based on HL Quantitative Research

This information is currently unavailable.

Fund Track Record

22/07/19 to 22/07/20 22/07/20 to 22/07/21 22/07/21 to 22/07/22 22/07/22 to 22/07/23 22/07/23 to 22/07/24
Annual return 26.40% 30.03% -13.14% 12.16% 13.96%

Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.

Information about the fund

Fund manager biography

manager photo
Manager Name: Jeremy Gleeson
Manager start date: 1 April 2007
Manager located in: London

Jeremy joined AXA Framlington in July 2007 and is the lead fund manager of the AXA Framlington Global Technology and AXA World Funds Framlington Global Technology funds. Previously, he was a senior portfolio manager at Close Investments (formerly Reabourne Technology), a subsidiary of Close Brothers Group PLC, from 2003 to 2007, having been a portfolio manager for the previous three years and an assistant portfolio manager from 1997 to 2000 with Reabourne Technology. During his time at Close Investments/Reabourne, Jeremy was the lead fund manager on several tech-nology funds and won the FTSE techMARK Technology Fund Manager of the Year award in 2003 and 2005. Jeremy holds a BSc (Hons) in Mathematics (1st class) and an MSc. in Systems Engineering from the University of Wales (1992-1996). He is also a CFA charterholder

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Benchmark data provided subject to this disclaimer.
You can buy or sell holdings in this fund through a Stocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account