RCS - Polar Cap Tech Tst - Polar Capital Technology enters the FTSE 100 Index
03/02/2025 08:30
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RNS Number : 5486V Polar Capital Technology Trust PLC 03 February 2025
Polar Capital Technology Trust plc Enters The FTSE 100 Index
First launched in 1996, Polar Capital Technology Trust plc (PCT) today enters
the prestigious FTSE 100 Index for the first time.
Commenting on the news, Gavin Rochussen, Chief Executive of Polar Capital,
said:
"This marks a significant milestone and is a testament to the many years of
hard work, dedication and expertise of lead manager Ben Rogoff, who has
managed the trust since 2006, along with Deputy Manager Alastair Unwin and the
wider Polar Capital Technology team.
"Originally launched in 1996 as Henderson Technology Trust plc, the management
contract was transferred to Polar Capital in 2001, shortly after the firm was
established by then-fund managers Tim Woolley and Brian Ashford-Russell.
Having witnessed the company grow to £4.6bn in assets, we would like to
sincerely thank the Board of the Trust, past and present, and our many
investors for their continued support."
Catherine Cripps, Chair of PCT, added:
"Through what has been a challenging period for the investment trust sector,
it is pleasing to see Polar Capital Technology Trust go from strength to
strength, under the diligent stewardship of Ben Rogoff, Alastair Unwin and the
Polar Capital Technology team. To enter the FTSE 100 Index is no ordinary feat
and I and my fellow board members are delighted to see the Company reach this
milestone."
Lead Fund Manager, Ben Rogoff, commented:
"It has been a great privilege to be part of the Polar Capital Technology
Trust journey, which began nearly 25 years ago. In the early days, Brian had
to convince UK investors of the merits of technology investment; today, our
companies need no introduction.
"PCT's progress would not have been possible without the support of Nick
Evans, Fatima Iu, Xuesong Zhao, Ali Unwin and our investment team, as well as
countless others at Polar Capital. I am also grateful to the Board-past and
present-for its unwavering support and stewardship over the years.
"More than anything, our inclusion in the FTSE 100 Index reflects the
extraordinary nature of technology, its ability to reinvent industries, create
massive new markets and drive superior returns for investors. Technology has
conquered distance, connected billions and democratised knowledge. Today,
rapid innovation is propelling AI towards superhuman capability. While market
fluctuations are inevitable, PCT is well positioned for the AI-era which we
expect to be one of the most exciting and transformative investment
opportunities of our lifetimes."
For more information about the trust, please visit
http://www.polarcapitaltechnologytrust.co.uk
(http://www.polarcapitaltechnologytrust.co.uk)
Catherine Cripps - Chair Ben Rogoff - Lead Fund Manager Edward Gibson-Watt - Corporate
Polar Capital LLP Stifel Nicolaus Europe Limited
Polar Capital Technology Trust plc
Tel. 020 7227 2700 Tel. 020 7227 2700 Tel. 020 7663 3227
Disclaimer
Important information: This document does not constitute an offer or
solicitation of an offer to make an investment into any fund managed by Polar
Capital. Polar Capital LLP is a limited liability partnership number OC314700.
It is authorised and regulated by UK Financial Conduct Authority and
registered as an investment adviser with the US Securities & Exchange
Commission. A list of members is open to inspection at the registered office,
16 Palace Street, London, SW1E 5JD.
The law restricts distribution of this document in certain jurisdictions;
therefore, persons into whose possession this document comes should inform
themselves about and observe any such restrictions. It is the responsibility
of any person or persons in possession of this document to inform themselves
of, and to observe, all applicable laws and regulations of any relevant
jurisdiction. The information contained herein does not seek to make any
recommendation to buy or sell any particular security or to adopt any specific
investment strategy. All opinions and estimates in this report constitute the
best judgment of Polar Capital as of the date hereof, but are subject to
change without notice, and do not necessarily represent the views of Polar
Capital. Past performance is not a guide to or indicative of future results.
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