Ben Rogoff, manager of the Polar Capital Technology Trust, explains the performance and positioning of the Trust over the past financial year (1 May 2020 to 30 April 2021), a period dominated by the challenges posed by COVID-19 and, largely, the technology response to them. Digital transformation started pre-pandemic and has seen a huge acceleration during it, so Ben also takes a detailed look at what the most significant developments have been and which ones he and his team are looking out for as well as the subsectors and types of business most likely to see the largest impact.

One particular focus is hybrid working which Ben suggests will long outlast the pandemic, bringing the best of both working from home (efficiency; flexibility) and in an office (social interaction; culture) thanks to enhancements in e-commerce and deepening technology adoption across multiple industries.