Sarasin & Partners has expanded its thematic range with the launch of a Digital Opportunities fund, which has shunned the mega-cap tech stocks in favour of a concentrated portfolio of emerging small- and mid-cap contenders in efforts to "find the next $1trn company".
Launched this month, Sarasin Digital Opportunities will hold between 20 and 30 companies in digital sectors such as cloud computing, digital commerce and analytics, and will be managed by tech sector specialist Josh Sambrook-Smith. Speaking to Investment Week, Sambrook-Smith (pictured) explained that the portfolio owns no mega caps and holds two $100bn-plus large caps, which will soon both be removed from the portfolio. Josh Sambrook-Smith of Sarasin Digital Opportunities At present, he estimates the average market cap to be around $28bn, falling to $20bn when the large-cap stocks a...
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