19th November 2015 - Man GLG have informed us that they are closing their Technology fund on 10th December 2015, following the fund managers' departure.
Existing investors in this fund will have their investment automatically merged into the Man GLG Balanced Managed fund.
Man GLG Balanced Managed fund is not a technology fund and so is very different and may change the look of an overall portfolio. If you are invested in the technology fund and are unhappy with this change you could consider switching the proceeds into an alternative fund(s) of your choice. Chelsea clients can switch into any fund at 0% charge on the Chelsea FundStore.
Looking for an alternative technology fund?
You may wish to refer to the 'Miscellaneous funds' on page 23 of the Chelsea Selection in our latest Viewpoint magazine for other technology funds. Our research shows that many of the North American funds also have exposure to the technology sector.
Please refer to our Terms & Conditions, the Terms & Conditions of the Cofunds platform and the Key Investor Information Documents (KIIDs) before investing.