Sarasin to merge away Digital Opportunities fund

Investor focus shifted

Kathleen Gallagher
clock • 2 min read
Josh Sambrook-Smith of Sarasin Digital Opportunities
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Josh Sambrook-Smith of Sarasin Digital Opportunities

Sarasin has decided to merge its Digital Opportunities fund with the Sarasin Responsible Global Equity fund as it does not “foresee a scenario” that would “bring about an upturn in the fund’s performance and long-term viability”.

In a letter seen by Investment Week, Sarasin told investors that the markets the digital fund invests in "have changed significantly since it launched". "The markets appear to favour a small number of ‘mega-cap' technology companies over the small and medium-sized companies such as those in which the fund invests," the letter stated. "Sarasin doesn't foresee a scenario, within the next two to three years at least, which would see investors focus again on the small and mid-sized digitalisation companies within the fund's investment strategy." The Digital Opportunities fund, which is co...

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