Polar Capital Technology Trust PLC Update from QuotedData
09 Janeiro 2024 - 9:56AM
RNS Non-Regulatory
TIDMPCT
Polar Capital Technology Trust PLC
09 January 2024
Polar Capital Technology - Update from QuotedData
9(th) January 2024
The AI's have it
Polar Capital Technology's (PCT's) manager Ben Rogoff's
conviction levels on the potential of artificial intelligence (AI)
have risen, reflecting the all-encompassing possibilities of the
technology. His bullishness is displayed in the make-up of PCT's
portfolio, which is weighted almost 80% towards stocks that he
believes are AI beneficiaries or enablers. The potential for huge
productivity gains - which could boost global GDP by 7%, according
to Goldman Sachs - and few barriers to mass adoption puts the
technology sector at a profound moment in time, with corporate
spend on AI set to rocket.
While the mega-cap technology stocks outperformed in 2023, Ben
expects a broadening of performance among mid- and small-cap AI
beneficiaries this year. PCT's active management style (trying to
beat the benchmark through asset allocation) could prove valuable
after several challenging years. PCT's 10.7% discount to net asset
value (NAV) seems very attractive given an improved investment
landscape - with the US central bank (the Federal Reserve - the
Fed) indicating that it foresees several interest rate cuts this
year - and the substantial upside potential in the portfolio's
exposure to AI beneficiaries.
Full Research:
https://quoteddata.com/research/polar-capital-technology-the-ais-have-it-qd/
This research is also available free on our website
www.quoteddata.com where you will also find news, performance data
and factsheets on every London listed Investment Company.
QuotedData writes and distributes research on a number of quoted
companies, facilitates meetings between those companies and
existing and potential investors and assists in raising additional
capital where required.
NB: Marten & Co was paid to produce this note on Polar
Capital Technology Trust Plc and it is for information purposes
only. It is not intended to encourage the reader to deal in the
security or securities mentioned in this report. Please read the
important information at the back of this note. QuotedData is a
trading name of Marten & Co Limited which is authorised and
regulated by the Financial Conduct Authority. Marten & Co is
not permitted to provide investment advice to individual investors
categorised as Retail Clients under the rules of the Financial
Conduct Authority.
QUOTEDDATA
50 Gresham Street | London EC2V 7AY
Tel: +44 (0) 20 3691 9430
www.quoteddata.com | research@quoteddata.com |
www.martenandco.com
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRABLMTTMTAMBJI
(END) Dow Jones Newswires
January 09, 2024 07:56 ET (12:56 GMT)
Polar Capital Technology (LSE:PCT)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Polar Capital Technology (LSE:PCT)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024