Evans & Partners Global Disruption Fund
The IPO for Evans & Partners' Global Disruption Fund (the Fund) is now open, with the Fund expected to list (ASX Code: EGD) on 31 July 2017.
The objective of the Fund is to provide investors with capital growth over the long-term through exposure to companies that will benefit from disruptive innovation.
The Fund will target a concentrated portfolio of investments (primarily listed companies) which may exhibit some or all of the following characteristics:
• a proven ability to disrupt, and continue to disrupt, existing markets and businesses;
• the ability to utilise new technology to disrupt existing industries;
• demonstrated growth potential and scalability; and
• an appropriate capital structure to fund research and development, as well as growth.
Commenting on the term 'disruptive innovation', Evans & Partners Global Disruption Fund said: "[It] was coined to describe a process where a smaller company with fewer resources initially targets a particular market niche and then eventually displaces previously dominant competitors, with its offering taken up by the primary market. However, colloquial usage of the term “disruption” or “disruptive innovation” tends to be more broad, describing the role innovation plays in significantly transforming markets, industries, and companies."