Herald Investment Trust PLC (LON: HRI) intends to achieve capital appreciation through investments in smaller quoted companies, in the areas of technology, communications, and multi-media. Investments are made throughout the world. Generally, Herald invests on a long-term basis, using fundamental analysis. Analysis includes meetings with companies and broker hosted meetings. In addition, the company relies on independent industry research and published company filings, statements, presentations, web sites, and broker research. Focus on the sector enables a significant degree of cross-referencing across competitors, customers, and suppliers globally. It is a part of the FTSE 250 index.