Overview of Herald Worldwide Technology Fund

The Herald Worldwide Technology fund (HWTF) seeks to achieve capital growth by investing principally in securities of issuers in the technology, communications and multi-media sector which in the view of the Investment Manager offers potential growth in excess of the average. Herald invests, generally on a long-term basis, using fundamental analysis.

HWTF predominantly invests in large cap and highly liquid companies. This remit distinguishes it clearly from the Herald Investment Trust, which focuses on small cap companies.

The Investment Manager believes this area of the economy offers growth greater that the world economy as a whole and presents many attractive investment opportunities.

Herald’s sole focus on technology enables a significant degree of cross-referencing across competitors, customers and suppliers globally. By combining this mosaic of information with strong financial analysis we endeavour to add value. The evolving nature of technology means there is a wide divergence of performance between winners and losers, but the winners can be spectacular.

Key emphasis is on management and governance. Within the sector there are a large number of entrepreneurial founder managers. With the sector reliant on innovation and execution the team put considerable emphasis on the people running a particular business and the culture of the organisation.

Continuous innovation across the whole value chain opens new markets and presents opportunities for both upstarts and incumbents alike. This makes the sector a dynamic environment in which to invest but also ensures that there is enough opportunity for active management at all stages of the technology and investment cycle.

The sector offers us the chance to find a disproportionate number of companies with sustainable long-term growth rates and an ability to generate attractive margins and returns. Historical analysis of financials can often be misleading and not represent the future of a dynamically changing sector; this presents opportunities for specialist active managers. We are evangelists for the sector, and firmly believe investors are missing an opportunity if they are not fully represented in it.

Click here for information on performance, reports, thoughts on the market and how to invest.



Welcome to the website for Herald Investment Management Limited (HIML). These pages provide a brief introduction to HIML and details of the funds it manages, currently Herald Investment Trust Plc, the Herald Worldwide Technology Fund and two venture capital limited partnerships.

These pages are regularly updated to include up-to-date financial and performance data, but please feel free to contact us with comments, or to request further information. It is important that you read the notices below before proceeding, as they explain certain legal and regulatory restrictions which apply to the information contained in this website.

The information provided in this website is solely for use by individuals who are resident in the United Kingdom and who are subject to UK tax; it is not intended as, and should not be regarded as, an offer or solicitation to sell investments in any jurisdiction other than the UK. Individuals who are not resident in the UK should not continue as it may be contrary to local laws or regulations for them to receive information in connection with, or to apply for, a UK investment. In particular, Herald Investment Trust Plc shares are not registered under United States securities law and, subject to limited exceptions, may not be offered, sold, transferred or delivered in the United States or to US persons. By proceeding, you are representing and warranting that you are not resident in, or a citizen of, a jurisdiction outside the UK.

Stock market and currency movements may cause the capital value of shares and the income derived from them to go down as well as up, and investors may get back less than they invested. Past performance is not necessarily a guide to future performance. The value of any tax relief you may be entitled to will depend on your individual circumstances. Current tax rates and reliefs may be changed by future legislation.

This website has been approved for purposes of UK regulation by Herald Investment Management Ltd which is authorised and regulated by the Financial Conduct Authority.

Although we have taken reasonable care to ensure that the facts contained in these pages are accurate, no representation or warranty, express or implied, is made as to their accuracy or completeness. The contents of the website are not to be considered as investment advice.

The information on this website is not for distribution outside the UK. Under no circumstances should this information, or any part of it be copied, reproduced or redistributed. No rights of any kind are licensed or assigned or shall otherwise pass to persons accessing this information.

If you are in any doubt about any of the information contained on this website please consult your stockbroker, solicitor, accountant or other professional adviser.

Authorised and Regulated by the Financial Conduct Authority
© Copyright & Disclaimer