Eventide launches Eventide Exponential Technologies Fund
Eventide has launched its sixth mutual fund, the Eventide Exponential Technologies Fund which aims to provide long-term capital appreciation by investing companies primarily positioned in the IT and communication services sectors with a high emphasis on software, technology hardware and equipment, and semiconductors.
The Fund will be managed by Eventide Portfolio Manager Anant Goel, who has served as the technology analyst for the Eventide Gilead Fund since 2016.
Goel says: "Technological innovation is currently and will continue to be a powerful force in creating our future economy. I believe there are many exciting opportunities for investors to participate in the growth of some of these companies poised to bring about positive change in our world."
Eventide CIO, Finny Kuruvilla, MD, PhD, says: "I have been impressed with Anant's thought leadership and deep understanding of what drives long-term company performance in this area. He understands the importance of the intertwining connection between company performance and their ability to create value for society."
The Eventide Exponential Technologies Fund joins the existing Eventide Funds with more than USD5 billion in net assets under management: the Eventide Gilead Fund, the Eventide Healthcare & Life Sciences Fund, the Eventide Multi-Asset Income Fund, the Eventide Dividend Opportunities Fund, and the Eventide Limited-Term Bond Fund. The Eventide Funds are managed by Eventide Asset Management, LLC, a Boston-based investment adviser that seeks to provide high performance by investing in companies that create compelling value for their customers, employees, supply chain, host communities, the environment, and society broadly.