The miniaturisation of devices and the Amazonisation of retail companies are two themes Act II Capital is exploiting in its TMT specialist fund.
The consumer electronic industry is transforming as it goes through the Web 2.0 phase – which enables users to interact and collaborate with each other via the internet – interaction during the early stages of the web having been limited.
Everything is moving towards the mobile phone, according to Michael Didier (pictured), a partner at Act II Capital, who says the development of smartphones and tablets are cannibalising traditional PCs and phones.
He says: “Tablets and smartphones will become ubiquitous and come to largely replace PCs, GPS devices, gaming consoles, cameras, set top boxes, and TVs as more consumers buy integrated devices with functionality built-in.”
The UCITS technology specialist strategy launched in April 2011 – and over the rest of the year the strategy was down 14.5%. But...