Gartner
Fund facts
Source: Polar Capital, 30 December 2022. *Ongoing Charge based on USD I Acc Share Class. ©2022 Morningstar. All Rights Reserved. Rating representative of the
I USD Acc Share Class, as at 30/11/2022. Ratings may vary between share classes. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. For more detailed information about the Morningstar Rating or Morningstar Analyst rating, including its methodology, please go to: http://corporate1.morningstar.com/AnalystRating/. Past performance is not indicative or a guarantee of future returns.
06.10.2017
Launch Date
MSCI ACWI Net TR Index
Benchmark
$367.6m
Fund Size
87%+
Active Share
33.9%
Top 10 Holdings
0.92%
*
Ongoing Charge
US$/GBP/EUR
Denominations
Ireland
Domicile
Open-ended UCITS
Structure
Xuesong Zhao
Partner
Xuesong Zhao
Xuesong joined Polar Capital in May 2012. He is a lead manager of the Polar Capital Automation and Artificial Intelligence Fund and is a Fund Manager on the Polar Capital Technology Trust and Polar Capital Global Technology Fund.
Prior to joining Polar Capital, he spent four years working as an investment analyst within the emerging markets & Asia team at Aviva Investors, where he was responsible for the technology, media and telecom sectors. Prior to that, he worked as a quantitative analyst and risk manager for the emerging market debt team at Pictet Asset Management. He started his career as a financial engineer at Algorithmics, now owned by IBM, in 2005.
Partner
Ben joined Polar Capital in May 2003. He is lead manager of Polar Capital Technology Trust plc and is a Fund Manager of the Polar Capital Global Technology Fund and Polar Capital Automation and Artificial Intelligence Fund.
Prior to joining Polar Capital, Ben began his career in fund management at CMI, as a global technology analyst. He moved to Aberdeen Asset Managers in 1998 where he spent four years as a senior technology manager.
Partner
Ben Rogoff
Ben Rogoff
Partner
Performance against wider global equity market
The Polar Capital Automation and Artificial Intelligence Fund was launched five years ago in October 2017. Key has been the Fund’s bottom-up stock selection process, against a backdrop of growing adoption for automation and artificial intelligence solutions across all industries.
A leading investment team
Performance since launch
1 year
3 years
Since Inception
A&AI Fund
Index
Relative
-33.46%
7.87%
-18.36%
12.50%
35.25%
-15.10%
-4.63%
+3.15%
Source: Polar Capital, Bloomberg, US$ I Acc Share Class, 6 October 2017 to 30 December 2022. Benchmark: MSCI ACWI Net Total Return Index (US$). Past performance is not indicative or a guarantee of future results.
38.40%
A&AI adoption is driving better growth and profitability, whilst also generating investment opportunities that have, until now, been beyond the universe of a traditional technology fund.
Xuesong Zhao, Partner
Download Factsheet
Lead Fund Manager Xuesong Zhao discusses his investment universe and how the portfolio is distinctly positioned compared to its peers.
Nick Evans
Partner
Capturing societal transformation at a portfolio level
The Polar Capital Automation and Artificial Intelligence Fund invests in the enablers and adopters of artificial intelligence and automation, whilst also maintaining an allocation to more nascent emerging themes within this sector. This ensures that the portfolio achieves comprehensive exposure to the entirety of the investment theme to capture the disruptive societal change that automation & artificial intelligence is driving.
Artificial Intelligence
Automation
Emerging Themes
Harnessing the power of data: AI is required to process the vast data sets being created
Data analysis revolution: with only 0.5% of total data captured being analysed, AI offers enormous potential in analysing huge data sets
Why now? 'Big Data' and collapsing computing costs enabling the rapid development of AI
Competitive advantages: the most advanced companies generate outsized benefits through tech adoption
Increasing demand: Next generation manufacturing requires more automation
The next frontier: combining AI and Robotics unlocks better outcomes at lower effort
Transformational cost savings through predictive maintenance
5G: Lightning-fast speed, low latency, mass connectivity
Autonomous vehicles
AI advancing new material discovery and R&D
Solving pressing societal problems: Healthcare, drug discovery and development
Nick joined Polar Capital in September 2007. He was appointed lead fund manager of the Global Technology Fund on 1 January 2008, and is also a fund manager on the Polar Capital Technology Trust and the Polar Capital Automation and Artificial Intelligence Fund.
Nick was previously head of technology at AXA Framlington where he was lead fund manager of the AXA Framlington Global Technology Fund and the AWF Framlington Global Technology Fund between August 2001 and July 2007. Both funds were rated fives stars by S&P and received several S&P and Lipper performance awards.
Partner
Nick Evans
Gartner
Automation and artificial intelligence are revolutionising the way that the world works. Driven by rapidly accelerating technologies, this disruption is displacing existing systems, pioneering new processes, and creating exciting investment opportunities.
The Polar Capital Automation and Artificial Intelligence Fund invests in the beneficiaries of this disruption, taking a bottom-up approach to identifying the leading enablers and adopters of these transformational technologies across a diverse range of sectors.
1. Source: Polar Capital and Bloomberg, US$ I Acc Share Class, 6 October 2017 to 30 December 2022. Benchmark: MSCI ACWI Net Total Return Index (US$). Past performance is not indicative or a guarantee of future results.
†Typical range of 50-80 stocks.
Fund highlights
Fundamental and rapid transformations over
multi-year cycles
Long-term theme capturing societal disruption
87%+ active share relative to MSCI ACWI Net TR Index
Driven by bottom-up
stock selection
1
Focused on
innovative companies
Embracing tech adoption drives better growth and profitability across all sectors
Building an impressive
track record
Annualised return of 6.4% since launch
1
Diversified global, multi-cap equity portfolio
50-80 stocks, all enablers and adopters of disruptive technologies
Automation and AI: Investors should think bigger
Artificial intelligence will be the most disruptive class of technologies over the next 10 years... these will enable organisations to harness data in order to adapt to new situations and solve problems that no one has even encountered previously
Universe quartile
Sharpe ratio
Sortino ratio
Alpha
Information ratio (net of fees)
Source: Polar Capital, Bloomberg, US$ I Acc Share Class, 6 October 2017 to 30 December 2022. Benchmark: MSCI ACWI Net Total Return Index (US$). Peer Group: Lipper Global: Equity Global. Past performance is not indicative or a guarantee of future results.
Key Performance Indicators
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AI Enablers
AI Applications
Factory Automation
Digital Transformation
0.27
0.38
0.5
0.05
1
Alastair Unwin
Fund Manager
Fatima Iu
Fund Manager
Patrick Stuff
Investment Analyst
Nick Williams
Investment Analyst
Paul Johnson
Investment Analyst
Fatima joined Polar Capital in April 2006. She is a fund manager on the Polar Capital Technology Fund, Polar Capital Technology Trust and Polar Capital Automation and Artificial Intelligence Fund. She is responsible for the coverage of European Technology, Global Security, Networking, Clean Energy and Medical Technology.
Prior to joining Polar, Fatima spent 18 months working at Citigroup Asset Management with a focus on consumer products and pharmaceuticals.
Fund Manager
Fatima Iu
Alastair joined Polar Capital in June 2019 as a Fund Manager. Prior to joining Polar Capital, Alastair co-managed the Arbrook American Equities Fund. Between 2014 and 2018 he launched and then managed the Neptune Global Technology Fund and managed the Neptune US Opportunities Fund. Prior to Neptune, Alastair was a technology analyst at Herald Investment Management.
Fund Manager
Alastair Unwin
Patrick joined Polar Capital as an Operations Executive, where he provided operational support to all fund management teams at Polar, including the Technology team. During this time Patrick successfully passed all three levels of the CFA program first time, and subsequently, after a successful 8 months seconded to the technology team, Patrick joined on a full-time basis in May 2021 as an investment analyst with a focus on small and mid-cap companies.
Investment Analyst
Patrick Stuff
Nick joined Polar Capital in June 2019 as an analyst on the Polar Capital Technology team. Prior to joining Polar Capital, Nick worked at Neptune Investment Management as the Assistant Fund Manager on the US Opportunities growth fund. Prior to that he worked in academia at the University of Oxford.
Investment Analyst
Nick Williams
Paul joined Polar Capital in March 2012 as an investment analyst on the Polar Capital Technology team.
Prior to joining Polar Capital, Paul helped manage a private investment fund between 2010 and 2012. Paul is responsible for a number of thematic areas, including game software and automotive technologies.
Investment Analyst
Paul Johnson
Material & Environmental Science
Mobility & Connectivity
Demographic & Lifestyle
†
Invest in the next frontier of disruptive technology
Harnessing the power of data: AI is required to process the vast data sets being created
Data analysis revolution: with only 0.5% of total data captured being analysed, AI offers enormous potential in analysing huge data sets
Why now? 'Big Data' and collapsing computing costs enabling the rapid development of AI
33.98%
29.01%
+4.97%
5 years
