Independent investment manager Wellington Management has partnered with Citibank ( Hong Kong ) to give the bank’s retail clients access to the Wellington Asia Technology Fund in a collaboration builds on the fund’s existing availability to the bank’s private banking clients.
The expansion comes amid growing investor interest in Asia’s technology opportunity set. The region plays an increasingly important role in the global technology ecosystem, with companies across Asia leading in areas like semiconductors and advanced robotics, while others are benefiting from accelerating artficial intelligence adoption and long-term secular growth trends.
The strategy of the fund, managed by Yash Patodia, combines deep sector expertise with on-the-ground research across the region. The team, the asset manager notes, draws on decades of experience investing in Asian technology companies in both the public and private markets, while working closely with the asset manager’s global tech team to identify investment opportunities.
The fund, which has more than US$1.5 billion in assets under management and invests in a concentrated portfolio of typically 45 to 75 stocks, draws on an Asia technology strategy with a nearly 20-year track record; and, the asset manager points out, it takes an active, all-cap approach to investing across Asia’s technology sector, seeking opportunities in both established market leaders and lesser-known companies that play critical roles in the technology ecosystem.
“Strong local partnerships are central to Wellington’s growth strategy across Asia-Pacific,” says Elizabeth Chisholm, the asset manager’s head of Asia-Pacific distribution. “By working with leading institutions, such as Citi, we can connect more investors with Wellington’s specialist investment capabilities, while continuing to deliver a locally relevant experience backed by our global research platform and on-the-ground presence in Asia.”
