Aberdeen Rolls Out Fund Focused on Tech Businesses
A Brief Summary
Aberdeen Asset Management, a subsidiary of Abrdn Plc, announced the launch of Abrdn Global Innovation Equity Fund, which focuses on tech businesses in environmental, social and governance (ESG).
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The fund also invests in profitable firms having a competitive advantage and potential market leaders in the industry apart from investing in growing companies.
The company considers innovation as a building block for sustainable development and improvement of the quality of human life, said Mr Penaloza.
"ABINNO is not just another tech fund. It will allow Thai investors to invest in many varied sectors that are benefiting from innovative changes, including industrials, healthcare, consumer goods and consumer services," he said.
Large companies account for about 60 per cent of the fund's portfolio, while small and medium firms make up to 40 per cent as of Dec 31, 2021. The fund predominantly focuses on companies that show increasing interest in ESG because the firm believes sustainability is the key to long-term development.
Abrdn's global equities team will manage the master fund, as the team has extensive expertise and insights from more than 130 investment professionals in 14 countries.
