ASB Capital, a Dubai-based asset and wealth management firm with assets under management of US$5.5 billion, has launched the ASB Global Technology Fund.
The Fund, developed in partnership with BlueBox Asset Management, a Geneva- and UK-based specialist in technology-focused equity strategies, seeks to provide investors with access to long-term capital growth through global innovation.
The ASB Global Technology Fund will invest in listed equity securities of technology-driven companies across developed and emerging markets.
The portfolio will comprise 25–35 companies, each generally valued at US$1 billion or more, with a 10% exposure cap to any single issuer.
The strategy covers the technology value chain, including infrastructure, enablers and platforms influencing the future economy.
Hichem Djouhri, Senior Executive Officer at ASB Capital, said:
“The ASB Global Technology Fund unlocks access to global technology equities through a strategy designed to deliver superior returns. It responds directly to growing demand among GCC investors, who are increasingly shifting capital toward sectors like AI, digital infrastructure and advanced manufacturing. By offering a transparent, regulated vehicle based in the DIFC, we’re enabling regional investors to actively participate in innovation-led growth worldwide.”
He added:
“Partnering with BlueBox Asset Management strengthens ASB Capital’s role as a trusted wealth nexus, seamlessly connecting regional investors to leading global technology opportunities while also bringing innovative regional prospects to the world.”
BlueBox Asset Management launched its flagship Global Technology Fund in 2018.
Since inception, the strategy has delivered an annualised return of 19.8%, with a total return of 271.5% as of June 2025.
The ASB Global Technology Fund’s investment thesis is centred on the “Direct Connection” theme, focusing on companies that operate at the interface between digital systems and other sectors.
The strategy is led by William de Gale, Lead Portfolio Manager at BlueBox Asset Management, who previously spent 20 years at BlackRock managing listed technology portfolios.
He said:
“Our philosophy is rooted in identifying not just technologies, but technology-driven businesses that create long-term shareholder value. As digital transformation reshapes every industry, the Direct Connection theme continues to unlock growth opportunities. This partnership with ASB Capital enables us to extend our Sharia-compliant strategy to a wider investor base through a regulated and regionally relevant structure.”
Featured image credit: Edited by Fintech News Middle East, based on image by jcomp via Freepik
