Fund to watch: AXA Framlington Global Technology

Jeremy Gleeson, the award-winning manager of the AXA Framlington Global Technology Fund, aims to achieve long-term growth by backing companies engaged in the research, design, development and manufacture of technologies in a wide variety of sectors.

Just under half of the portfolio's assets are in software and services, with 25% in hardware and equipment, and 20% in semi-conductors. The financials, telecommunications services and consumer discretionary sectors are also represented.

The £225.8 million fund, which was launched back in the late 1990s, is one of the longest-serving portfolios in this area and would have made investors a handsome return of 164.58% over the past 10 years, according to Morningstar.

Its 10 biggest holdings, which combined account for 37.5% of assets under management, include household names such as Google, Apple, Facebook and eBay.

Although the largest geographical area for the fund is the United States, the fund also has exposure to Israel, the United Kingdom, Sweden, France, China, Taiwan, Germany and the Netherlands. Just 1.26% of the fund, meanwhile, is held in cash.

Mr Gleeson, who joined AXA Framlington in July 2007, was named winner of the Investment Week Tech & Telecoms fund manager of the year award in both 2011 and 2012.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.