Polar Capital Technology Enters FTSE 100

Polar Capital Technology Trust (LON: PCT) has officially joined the FTSE 100 Index, marking a significant milestone for the investment trust, which was first launched in 1996.

In a press release Monday, Gavin Rochussen, Chief Executive of Polar Capital, called the inclusion “a testament to the many years of hard work, dedication and expertise” of lead manager Ben Rogoff, who has managed the trust since 2006, along with Deputy Manager Alastair Unwin and the wider team. 

He acknowledged the growth of the trust to £4.6 billion in assets and thanked investors for their continued support.

Catherine Cripps, Chair of PCT, highlighted the achievement in light of broader challenges in the investment trust sector. “To enter the FTSE 100 Index is no ordinary feat,” she said, commending the management team for steering the trust “from strength to strength.”

Ben Rogoff reflected on the trust’s evolution, noting that in its early days, investors had to be convinced of the merits of technology investment. 

“Today, our companies need no introduction,” he said, crediting his investment team and the trust’s board for their contributions.

Rogoff also pointed to the transformative impact of technology, stating that “rapid innovation is propelling AI towards superhuman capability.” 

He expressed confidence that PCT is well positioned to capitalise on the AI era, calling it “one of the most exciting and transformative investment opportunities of our lifetimes.”