Change to Investment Policy of Polar Capital Global Technology Fund

As of the Effective Date, the supplement of the Fund was updated to remove the restrictions that were previously in place, regarding investment in emerging markets. Previously the supplement stated that the Fund should not invest greater than 15% of its net asset value in securities listed or traded on emerging markets.

The Company, Polar Capital LLP (the “Investment Manager”) and Bridge Fund Management Limited (Management Company) do not consider the change to be material in nature.

Although the Fund has a global mandate, prior to the Effective Date the Fund would have predominantly invested in developed markets and in particular, companies based in the United States. The Investment Manager recognised that growth, particularly in the artificial intelligence and semi-conductor space, is expected to be driven in part by companies based in countries such as Taiwan and China, which for investment classification purposes and for historical reasons, are treated as emerging market countries.

The Investment Manager proposed that additional capacity be introduced to invest in emerging markets so that the Fund is able to take advantage if market conditions start to favour greater investment in these types of companies in the future. Removing the limit has not changed the Fund’s investment strategy, nor the type of company in which the Fund invests, and there is no intention to use the additional flexibility currently.

Should you have any questions regarding these changes, please contact the Investment Marketing team. 

For further information on Polar Capital funds please visit www.polarcapital.co.uk