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IT ASSET MANAGEMENT
 
EXPERIENCE IS CRITICALTRANSPARENCY IS A DUTYDISCIPLINE IS OUR MOTTO, OUR CHOICEEXPERTISE IS KEYEXPERIENCE IS CRITICALPERFORMANCE IS OUR LONG-TERM GOALYOU ARE OUR BEST INVESTMENT
 
 
 
 
 
 
 
Investment Objective
IT Technologies Investissement is a dedicated Information Technology investment fund designed to provide investors with an opportunity to achieve a superior long term (5 year minimum) rate of return through investments in publicly held IT companies worldwide.
 
Investment Philosophy and Style
Fund management is guided by a fundamental approach of the IT industry. In a first step, long-term investment themes are selected. For each theme, a 6-12 month scenario is elaborated. This analysis scheme is completed by in-house industrial models, which drive to a pre-selection of stocks. In a second step, analysis is purely bottom-up. Stock picking is based on an in-depth analysis of companies and drives to portfolio construction.
 
CHARACTERISTICS
     
  • Classification
    International equities
     
  • Minimum investment horizon
    5 years minimum
     
  • Subscribers
    Private and Institutional subscribers
     
  • Capitalization / Distribution
    Capitalization
     
 
Week of 5-24-2010 to 5-24-2012
Period :
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Choose your period :
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Invest in technology disruptions
 
 
Investment strategy
 
1. The information technology industry is driven by powerfull and structural growth drivers creating an ideal planning field for stock picking:

- Technology disruptions have accelerated since 2007: mobility with smartphones and tablets, cloud computing, software as a service (SaaS), virtualisation, Voice over IP, social networks...the pace of disruptions and innovations is fast and will remain so in the near future.

- Disruptions create winners and losers. Our goal is to have the companies able to adapt to a changing environment.

- Infotech creates value for other industries such as automotive, finance, green, federal services...Infotech, as Schumpeter analyses it, generates creative destruction by canibalising other industries: digital music versus CDs, email vs regular mail, tablets and ebooks vs bookshops, streaming video vs brick and mortar video rental, online shopping vs malls...

- Digital natives provoke a generation gap. They were born after 1980 and their world is PC, mobile phones and game console based. They are always connected and they can't imagine a world without Internet.

2. IT Funds Info Tech is about investing in technology disruptions which offer the best sustainable growth

3. With the numerous technology disruptions and innovations, we have really entered into the 21st century. Our investment choices based on disruptions and innovations coupled with our stock picking expertise are solid.

4. IT Funds Infotech select winners from losers in disruptive technologies. ETF and trackers don't.

5. A boutique like IT Asset Management is free to invest according to its convictions, with no index,no region, no size constraint. It uses ifs expertise and in house research to build a concentrated portfolio.

6. Over nearly 20 years, we have build a solid track record with the same team of senior managers.

Our goal is to continue to deliver solid outperformance to our investors in the future.
 
 
Investment universe
 
The investment team select information technology companies free of size, region and index. It delivers a pure conviction-based investment style to benefit from the technology disruptions. Our expertise relies on our ability to identify and analyze disruptive companies.
 
 
An industrial and fundamental approach
 
 

With an ever changing information technology industry, it is key to have a industriel and global approach. The global analysais, free of benchmark, allostérique to capture n'es trends, disruptions and identifiy the investment teams we Will focus on.

Our in-house research build industrial models to make a company preselection. Then, these companies rare deeply analysed through our in-house financial model. It is a conviction-based style, growth oriented, index free leading to a concentrated portfolio with companies leaders of our investment themes.

 
 
Great companies in good neighborhood
 
 

What are the leading investment themes for the next 3 to 5 years?we focus on the most promising themes, the one which will have the highest growth and thus create high value. We have a strong edge on these themes with our ability to analyse and anticipate and our understanding of financial markets on technology stocks.

From the investment theme analysis, we extract the most promising companies. Our criteria are strategy, competitive position, management, technology choices, business model, sales and marketing, profitability, financial strength. Our goal is to identify great companies in disruptive themes which will generate future growth.

 
 
Muriel FAURE
Co-founder, President, Senior Fund Manager

A graduate of ESSEC. Member of Société Française des Analystes Financiers (S.F.A.F.).

Muriel began her career as a financial analyst in 1982; she then worked as an international fund manager from 1985 onwards for a number of leading financial operators (ABN-AMRO, Fortis, Paribas and Crédit Lyonnais). She co-founded IT Asset Management in 1994. She later broadened up the company to convictions portfolio management, based on in-house research and a elected set of niche asset classes.
Benoît FLAMANT
Co-founder , Delegate CEO, Head of InfoTech Management

A graduate of Ecole Centrale de Paris.

Benoît started off as a researcher at Carnegie Mellon University, USA, in 1984, then worked as a computer engineer at ADP/GSI. He went on to work for IBM and Microsoft where he held engineering and sales positions until 1995. Fascinated by the IT sector, he co-founded IT Asset Management, contributing his extensive hands-on expertise and vision of the industry.
Leslie GRIFFE De MALVAL
Analyst Fund Manager

Specialized Master’s in Strategy and Management of International Business at ESSEC Business School and Master Degree in Competitive Intelligence.

Previously, Leslie has been an associate in the American/French venture capital firm VPSA (former Viventures Partners) and an analyst at Siparex Venture. Due to his experience in venture capital, he took part in the financing of several European companies (both private and public) in the field of information technologies and biotechnology. Prior to that Leslie spent two years at Arthur Andersen Corporate Finance, in the M&A team where he worked on high-tech, retail and luxury deals. Between 1999 and June 2000, he was consultant at Valoris, an IT consulting firm.
Pierre CHAVY
Co-founder, Consultant

A graduate of Ecole Centrale de Paris.

Pierre has a track record spanning over forty years in the IT industry, having been Chief Executive and founder of Control Data France, IT Manager for the Atomic Energy Commission and Chairman of CISI (a leading French System Integrator). A keen observer of telecom OEMs and hardware manufacturers, he contributes his outlook on the industry and his extensive network of contacts worldwide.
 
Fact Sheet
Countries where the fund is registered
 
 
     
  • Legal Form
    FCP
     
  • Sponsor
    IT Asset Management
     
  • Management company
    IT Asset Management
     
  • Date of agreement
    03/11/1993
     
  • Custodian
    RBC DEXIA Investor Services Bank
     
  • Company allowed to receive order and transfert agent
    RBC DEXIA Investor Services Bank
     
  • Auditors
    SCP Norguet, de Carcaradec Jombart
     
  • CODE ISIN CODE BLOOMBERG CODE REUTERS
    Class(e) Institutionnelle FR0000992232 ITTECIN FP FR0000992232.FRF
 
     
  • Fiscal year
    Every year, last workday in December
     
  • Frequency of calculation of net asset value
    Every day. The Net Asset Value is calculated on the closing prices of valuation day and released next day. No Net Asset Value on French and Euronext bank holidays, based on EURONEXT calendar.
     
  • PUBLICATIONS
    Bloomberg, Boursorama, Financial Times, Morningstar, Reuters, www.itasset.com
     
 
 
 
 
BREAKDOWN BY SECTOR 4-30-2012
 
 
 
BREAKDOWN BY REGION 4-30-2012
 
 
 
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Go
 
 
 
 
 
 
 
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    The key issues at stake with Internet
     
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    The killing combination of growth and innovation
     
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    Mobile data : talk is cheap !
     
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    The new wolrd of mobile computing
     
  • 11-2009
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    Strong Q3 financial results for the Information Technology industry, in the US.
     
  • 10-2009
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    Why European investors are structurally bearish on Info Tech
     
  • 5-2009
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    Industry
     
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    Things are getting better incrementally
     
  • 2-2009
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    Reshuffling Media Industry
     
 
 
 
 
 
 
 
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