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...