As revealed last month by InvestmentEurope, Paris-headquartered firm BNP Paribas Asset Management unveiled the Parvest Disruptive Technology fund amid partial revamp of its Parvest Sicav.
The fund, launched on 16 November and managed by Pamela Hegarty in Boston, invests in innovative technologies that disrupt business models and allow businesses to improve their efficiency as well as to provide new products and services. It had €181m of assets under management as at 30 November 2017.
The portfolio, which applies BNPP AM’s ESG criteria investment policy, holds 30 to 50 names with a minimum market capitalisation of $1bn, selected from the MSCI World Index.
The fund combines top down and bottom up analysis: thematic and industry analysis is used to identify companies that are enabling or benefiting from transformative technology themes.
An additional fundamental research to identify those companies with the highest growth potential and greatest competitive strengths completes the stock analysis.
Hegarty, fund manager of Parvest Disruptive Technology, said: “The impact of technological innovation is being felt across a broad range of areas beyond just the technology sector itself. It is having a widespread impact on many aspects of our daily lives, and brings with it many exciting investment opportunities.
“Parvest Disruptive Technology identifies and invests in those companies that are leaders in or beneficiaries of transformational technologies, while avoiding those that are threatened by the forces of change. We believe that companies that enable or adopt innovative technologies and business models will produce superior long term growth and returns on invested capital. A portfolio of these stocks should therefore deliver outperformance to investors over the long term.”
The fund is registered for sale in the United Kingdom, as well as in Austria, France, Germany, Greece, Hong Kong, Ireland, Italy, Luxembourg, Macao, Netherlands, Singapore, Spain and Switzerland.
BNPP AM managed €571bn of assets under management as of 30 September 2017.