Dubai-based asset and wealth management firm ASB Capital has launched the ASB Global Technology Fund. The new fund was developed in partnership with BlueBox Asset Management, a specialist in technology-focused equity strategies, to provide investors with access to long-term capital growth through global innovation.
By the Numbers
The new fund is backed by experienced managers with a strong track record:
- $5.5 Billion: The assets under management (AUM) of ASB Capital.
- 25-35 Companies: The number of companies the new fund will hold in its portfolio.
- 19.8%: The annualized return of BlueBox’s flagship Global Technology Fund strategy since its 2018 inception.
- 271.5%: The total return of the BlueBox strategy as of June 2025.
A Regulated Gateway to Global Tech Equities
The ASB Global Technology Fund is based in the Dubai International Financial Centre (DIFC) and will invest in listed equity securities of technology-driven companies across both developed and emerging markets. The portfolio will be concentrated, comprising 25–35 companies generally valued at $1 billion or more, and will cover the entire technology value chain, including infrastructure, enablers, and platforms.
“By offering a transparent, regulated vehicle based in the DIFC, we’re enabling regional investors to actively participate in innovation-led growth worldwide,” said
Hichem Djouhri, Senior Executive Officer at ASB Capital.
A Proven Strategy and Experienced Leadership
The fund’s strategy is led by William de Gale, Lead Portfolio Manager at BlueBox Asset Management, who previously spent 20 years at BlackRock managing technology portfolios. The investment thesis is centered on the “Direct Connection” theme, focusing on companies that operate at the interface between digital systems and other sectors. The Sharia-compliant strategy has a proven track record, delivering an impressive 19.8% annualized return since its inception in 2018.
“Our philosophy is rooted in identifying not just technologies, but technology-driven businesses that create long-term shareholder value,” de Gale stated.
Source: Fintechnews Middle East
