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Next Generation Connectivity Fund

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Next Generation Connectivity Fund

UCITS Fund | Equities

Next Generation Connectivity Fund

SFDR Classification | Article 8

Effective 1st July 2024, the Neuberger Berman 5G Connectivity Fund changed name to the Neuberger Berman Next Generation Connectivity Fund.

Overview
A thematic, forward-looking, global equity portfolio investing in key enablers and beneficiaries of 5G and future connectivity

Why Invest

The Evolution of Connectivity

5G will digitally transform almost all industries, helping to make sense of growing data, and enabling greater connectivity at higher speeds

Differentiated Thematic Exposure

Invests in key enablers and beneficiaries of the 5G network rollout, across three key themes: network infrastructure, Internet of Things (IoT) devices and software applications and services

Experienced and Specialist Team

A team of technology industry veterans supported by a dedicated team of research professionals across the U.S. and Asia covering all sectors

This is a marketing communication in respect of the Neuberger Berman Next Generation Connectivity Fund. Please refer to the fund prospectus and offering documents, including the Key Information Document (“KID”) or Key Investor Information Document (“KIID”) as applicable, before making any final investment decisions. Investors should note that by making an investment they will own shares in the fund, and not the underlying assets.

The fund complies with the Sustainable Finance Disclosure Regulation (the “SFDR”) and is classified as an Article 8 SFDR fund. Neuberger Berman believes that Environmental, Social and Governance (“ESG”) factors, like any other factor, should be incorporated in a manner appropriate for the specific asset class, investment objective and style of each investment strategy.

Key Risks

Market Risk: The risk of a change in the value of a position as a result of underlying market factors, including among other things, the overall performance of companies and the market perception of the global economy.

Emerging Markets Risk: Emerging markets are likely to bear higher risk due to a possible lack of adequate financial, legal, social, political and economic structures, protection and stability as well as uncertain tax positions which may lead to lower liquidity. The NAV of the fund may experience medium to high volatility due to lower liquidity and the availability of reliable information, as well as due to the fund's investment policies or portfolio management techniques.

Liquidity Risk: The risk that the fund may be unable to sell an investment readily at its fair market value. In extreme market conditions this can affect the fund’s ability to meet redemption requests upon demand.

Smaller Companies Risk: The fund may invest in small capitalisation companies. Such investments involve greater risk than is customarily associated with larger, more established companies due to the greater business risks of small size, limited markets and financial resources, narrow product lines and a frequent lack of depth of management.

Concentration Risk: The fund's investments may be concentrated in a small number of investments and its performance may therefore be more variable than the performance of a more diversified fund.

Counterparty Risk: The risk that a counterparty will not fulfil its payment obligation for a trade, contract or other transaction, on the due date.

Operational Risk: The risk of direct or indirect loss resulting from inadequate or failed processes, people and systems including those relating to the safekeeping of assets or from external events.

Derivatives Risk: The fund is permitted to use certain types of financial derivative instruments (including certain complex instruments). This may increase the fund’s leverage significantly which may cause large variations in the value of your share. Investors should note that the fund may achieve its investment objective by investing principally in Financial Derivative Instruments (FDI). There are certain investment risks that apply in relation to the use of FDI. The fund’s use of FDI can involve significant risks of loss.

Currency Risk: Investors who subscribe in a currency other than the base currency of the fund are exposed to currency risk. Fluctuations in exchange rates may affect the return on investment. Where past performance is shown it is based on the share class to which this webpage relates. If the currency of this share class is different from your local currency, then you should be aware that due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency.

 

For full information on the risks please refer to the fund prospectus and offering documents, including the KID or KIID, as applicable.

Performance and Exposures
ESG
Fund Facts

The ongoing charge figure (incl. management fee) is based on the annual expenses for the period ending 31 December 2023.

The fund’s benchmark name shown here may be abbreviated. Please refer to the supplement for the full benchmark name.

Portfolio Management Team
Yan Taw (YT) Boon
Head of Thematic – Asia
Hong Kong
14 Years of Industry Experience
11 Years with Neuberger Berman
Hari Ramanan
CIO - Research Funds
New York
25 Years of Industry Experience
6 Years with Neuberger Berman
Timothy F. Creedon, CFA
Director of Global Equity Research
New York
27 Years of Industry Experience
24 Years with Neuberger Berman
Yan Taw (YT) Boon, Head of Thematic – Asia
Yan Taw (YT) Boon, Managing Director, joined the firm in 2013. Based out of Hong Kong, YT is Head of Thematic – Asia and Portfolio Manager for Neuberger Berman’s research thematic portfolios, including Next Generation Connectivity and InnovAsia. YT previously served on Neuberger Berman's Global Equity Research Department as an equity analyst covering the Asian technology & telecommunications sector. Prior to that, he spent 2.5 years as a sell-side research analyst at Credit Suisse (Hong Kong) covering the Asian technology sector. YT started his career in the technology sector, where he spent more than nine years working as a microprocessor designer at semiconductor companies, including ARM (U.K.), Cadence (U.K.), Broadcom (U.K.) and Huawei (HK, China). He graduated with a BEng in Electronic Engineering from the University of Southampton (UK) and a MSc in System Level Integration from the University of Edinburgh (U.K.).
Hari Ramanan, CIO - Research Funds

Hari Ramanan, Managing Director, joined the firm in 2019. Hari is a Portfolio Manager and CIO of Global Research Strategies at Neuberger Berman and leads the investing activities of the firm’s research-centric core and thematic funds. Prior to joining Neuberger Berman, Hari was Managing Partner of Valarc Holdings, a long-biased hedge fund backed by endowments and foundations to invest in a concentrated portfolio of globally traded equities that it looked to own for multiple years. In addition, the firm opportunistically took short positions in individual companies globally. Before founding Valarc in 2014, he served as a Portfolio Manager and Head of International Equities at Eminence Capital, a $7 billion equity long-short investment firm investing in quality companies globally. He joined Eminence in 2007 with a mandate to spearhead the firm’s international investing efforts. Prior to Eminence, Hari was a Managing Director and Portfolio Manager at Basso Capital, a multi-strategy investment firm in Connecticut where he focused on European equity and distressed debt investments. Hari began his career at Lehman Brothers Private Equity Division in New York. He subsequently worked for Advent International, the global private equity firm, in London and focused on European buyouts. Hari earned his Bachelor of Arts, magna cum laude, in Mathematics and Economics from Knox College in 2000. Hari served on the Board of Trustees of Knox College and its Investment Committee from 2009 to 2019.

Timothy F. Creedon, CFA, Director of Global Equity Research
Timothy Creedon, CFA, Managing Director, joined the firm in 2005 and has been the Director of Research for the Global Equity Research Department since 2011. Tim previously served as an equity analyst covering Consumer companies for the firm. Before that, he worked at Lehman Brothers, also covering consumer stocks, and worked in the Private Equity group at Lehman Brothers, where he was responsible for analyzing and executing investments in early-stage telecom/media companies. Tim began his career at Merrill Lynch, where he worked in Investment Banking, covering the Communications industry. He is a CFA charterholder and graduated magna cum laude from Georgetown University’s School of Foreign Service with a concentration in International Economics. Tim is a member of the firm’s Partnership Committee and Investment Risk Committee.
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