The Luxembourg-domiciled Aberdeen Standard SICAV will invest in all sizes of company and will not be restricted to the technology sector.

The fund aims to provide long term growth by investing at least two thirds in companies whose business models are focused on and benefit from all forms of innovation.

The investment approach is designed to “transcend geographies and sectors” to seek exposure to innovations that change society and drive positive returns for investors.

The fund, managed by the ASI global equity team, will aim to outperform the MSCI AC World Index (USD)benchmark before charges.

The Asset Management Charge (AMC) is 0.75% per annum for institutional investors and 1.75% per annum for retail investors. The investment approach is bottom-up and ESG-integrated.  

Andy Brown, investment director at Aberdeen Standard Investments, said: “At ASI, we think that companies with an innovative culture can build lasting competitive advantages and benefit from profound changes in  their markets or businesses. 

“Over the last 250 years there have been six major ‘waves’ of innovation. From steam power to automation, these waves  tend to last decades. This makes them durable drivers of growth. By identifying these waves and finding innovative companies that will benefit them, we can make investment decisions that play out over not years, but decades.”