Sarasin & Partners, the global thematic investment manager with £14.6bn* invested on behalf of charities, private clients and institutions, is enhancing its thematic fund range with the launch of the Sarasin Digital Opportunities fund.
The new fund will seek to capitalise on the digitalisation megatrend by investing in smaller and medium-sized companies with significant long-term growth potential. The high conviction portfolio will comprise between 20 and 30 companies in digital sectors such as cloud computing, digital commerce and analytics. Responsible stewardship is integrated into the Sarasin investment process and environmental, social and governance factors are always considered when selecting companies.
The fund will be managed by Josh Sambrook-Smith, who has been a tech sector specialist at Sarasin & Partners since 2014. Sambrook-Smith has more than a decade of investment experience, having previously worked at Putnam Investments.
Sarasin’s global thematic approach to investing, which has underpinned the group’s equity selection since 1996, aims to capitalise on long-term secular megatrends shaping the global economy – notably ageing, digitalisation, automation, evolving consumption and climate change. Other thematic funds in the equity range include the Sarasin Thematic Global Equity fund, the Sarasin Responsible Global Equity fund, and the Sarasin Food & Agriculture Opportunities fund.
Sambrook-Smith says: “Digitalisation is a multi-decade theme that is ushering in a period of unparalleled adoption of digital products and services. The theme encompasses everything from social media and cloud computing to machine learning and digital commerce. The current crisis, which is shining a spotlight on companies’ digital capabilities, will only accelerate these trends.
“Technology investing is commonly perceived to be a one-horse race where the FANGs are tipped to dominate the world. This could not be farther from reality. It is an immensely varied and creative sector with pockets of specialisation so extreme that even the FANGs struggle to compete. The current wave of historically unparalleled innovation is creating a broad range of investment opportunities that are, quite literally, transforming the world we live in. I want to find the Googles, Amazons and Microsofts of the future.”
Jerry Thomas, head of Global Equities adds:
“The launch of a dedicated digitalisation strategy further demonstrates our commitment to a thematic investment philosophy which sees digitalisation as one of the five mega themes set to dominate the next decades. The importance of investing in secular long-term drivers of performance – particularly digitalisation – should resonate strongly with investors amid ongoing market volatility. This should also increase the appeal of Sarasin’s strong heritage and proven track record in identifying long-term investment trends that drive growth and shape the world in which we live.”