LONDON - Polar Capital Technology Trust plc (LSE:LON:PCT), an investment trust focusing on technology opportunities, has been admitted to the FTSE 100 Index today, marking a significant achievement for the fund first established in 1996.
Gavin Rochussen, Chief Executive of Polar Capital, acknowledged the milestone as reflective of the dedication and expertise of the management team, particularly lead manager Ben Rogoff, who has been at the helm since 2006. The trust, which grew to £4.6bn in assets, was originally launched as Henderson Technology Trust plc before the management contract was acquired by Polar Capital in 2001.
Catherine Cripps, Chair of PCT, praised the trust's performance, especially during challenging times for the investment sector, and commended the team's diligent stewardship in reaching this milestone.
Ben Rogoff, Lead Fund Manager, expressed gratitude for the support of the team at Polar Capital and the board members, past and present. He highlighted the transformative potential of technology, particularly in the context of rapid innovation and the advent of AI, which he believes will present significant investment opportunities.
The inclusion of Polar Capital Technology Trust in the FTSE 100 Index is a testament to the company's growth and the increasing importance of technology in the global investment landscape. This development is based on a press release statement from Polar Capital Technology Trust plc.
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