I know some of my subscribers are quite rightly fans of Technology funds, as I am. The ever rising price of Nvidia shares continues to boost valuations in the sector, all by itself, it seems at the moment!
One of the funds that it seems did not at first pick up on the most recent surge in the valuation of the handful of leading shares likely to benefit from AI (the Mag7/Fab5) was Axa Framlington’s Technology fund which until fairly recently had delivered superb results in the hands of Jeremy Gleeson.
As a result some of us had lately preferred alternatives like funds from Guinness, Polar Capital and Blue Whale., amongst others.
I now can report that Mr Gleeson is leaving Axa Framlington ‘to pursue another opportunity’. His successor has not yet been named.
This news will be of interest to any readers who still own the Axa Framlinton fund.
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