Sarasin to merge away Digital Opportunities fund

In a letter seen by Investment Week, Sarasin told investors that the markets the digital fund invests in "have changed significantly since it launched". "The markets appear to favour a small number of ‘mega-cap' technology companies over the small and medium-sized companies such as those in which the fund invests," the letter stated. "Sarasin doesn't foresee a scenario, within the next two to three years at least, which would see investors focus again on the small and mid-sized digitalisation companies within the fund's investment strategy." The Digital Opportunities fund, which is co...