ASB Capital, a Dubai-based asset and wealth management firm, announced the launch of the ASB Global Technology Fund, a new fund aimed at providing investors with access to long-term capital growth in the technology sector.
The fund, developed in partnership with BlueBox Asset Management, will invest in global listed technology companies across both developed and emerging markets. It will hold a concentrated portfolio of 25-35 companies, each typically valued at $1 billion or more, and will limit exposure to any single issuer at 10 per cent.
ASB Capital senior executive officer Hichem Djouhri said the fund was a direct response to growing demand from investors in the GCC who are “increasingly shifting capital towards sectors like artificial intelligence, digital infrastructure, and advanced manufacturing.”
BlueBox Asset Management’s flagship Global Technology Fund, launched in 2018, has delivered an annualised return of 19.8pc since its inception, with a total return of 271.5pc as of June 2025. The new fund’s investment thesis is built around the “Direct Connection” theme, backing companies that power the interface between digital systems and other verticals.
“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,” said BlueBox Asset Management lead portfolio manager William de Gale.
Mr De Gale, who previously managed listed technology portfolios at BlackRock for 20 years, said their philosophy is rooted in identifying “technology-driven businesses that create long-term shareholder value.”
&uuid=(email))