Carmignac launches Tech Solutions Fund to seize next wave of tech innovation

Carmignac has launched Carmignac Portfolio Tech Solutions, an equity fund designed to seize the long-term sustainable opportunities in the global technology space.

The fund is one of the few tech funds with a sustainable investment objective in the European marketplace and is Article 9 under the Sustainable Finance Disclosure Regulation (SFDR).

For more than two decades, the tech sector has been a major driving force for equity markets globally. With artificial intelligence (AI) giving birth to new champions and expanding frontiers, the sector is accelerating again, triggering the start of a new technology cycle. Technology is at the heart of environmental and social transitions already at work, making it a true enabler of long-term sustainable growth.

The fund is managed by Kristofer Barrett, manager of the global equity strategy, Carmignac Investissement and co-manager of the flexible multi-asset strategy, Carmignac Patrimoine. Kristofer is an active stock picker who managed a technology equity strategy from March 2020 to February 2024 before joining Carmignac in April 2024. During this almost four-year period the strategy achieved top percentile performance, with an annualised excess return of 17.4% vs. the tech index and of 13.8% vs. the tech category average¹. Furthermore, this outperformance was generated consistently overtime, evidencing Kristofer’s ability to successfully navigate different market conditions. This includes top quartile performance in up markets, such as 2021 and 2023, and down markets like 2022², the worst year for the tech sector since 2008.

Carmignac Portfolio Tech Solutions utilises a blended approach, mixing an inherently growth-focused investment strategy with value opportunities. The result is a flexible and concentrated portfolio, investing in companies of all market capitalisations and a bias towards the US and Asia to cover the full innovation value chain.

Kristofer Barrett comments: “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.”

Maxime Carmignac, Chief Executive Officer of Carmignac UK and head of strategic product development at Carmignac, comments: “Technology has been a high conviction investment theme at Carmignac for many years. With technology becoming more pervasive, we believe Kristofer is the ideal portfolio manager to navigate this unchartered phase. He has demonstrated his great stock-picking abilities in both rising and declining markets, resulting in considerable and consistent outperformance. I am looking forward to introducing this new investment solution to our clients, many of whom are eager to gain exposure to tomorrow’s tech champions via a highly-selective approach.”