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Britannic plugs into the world of technology

Britannic Asset Management is plugging into tomorrow’s world with the global technology fund.

Global technology has been created with long term growth in mind and Britannic is aiming it at the experienced investor looking to add to an existing portfolio of investments. Global technology will benchmark the FTSE world information technology and FTSE world electronic equipment indices.

The unit trust will invest in companies all over the world that are involved in areas such as telecommunications equipment, software, computer hardware, Internet services and semiconductors. These will include companies such as Cisco, Nokia, EMC Corporation and IBM.

By investing in the companies listed above Britannic is hoping to give the fund a core of stable firms with good financial records. It will also invest in newer, more risky firms such as semiconductor manufacturer ARM Holdings. The balance between these two types of company will give the fund a medium level of risk.

This product is Britannic’s first technology fund. Despite the recent fall in technology funds Britannic feels that over the long term this area is still a good region to invest in for growth.

According to Standard & Poor’s the Britannic global growth fund is ranked 96 out of 127 funds, based on £1,000 invested on a bid to bid basis with gross income reinvested over three years to January 29, 2001.

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