New @sia is a Luxembourg-based Sicav from Foreign & Colonial which is aimed at experienced investors who are looking for growth, as well as some exposure to the Asian technology market.
The product will invest in companies that are involved in what is becoming known as the 'new economy'. This covers areas such as information technology, software and internet technology. The geographical spread will vary from India to Australia.
These geographical areas offer a great deal of potential but also have a higher degree of risk than similar funds based in the USA and Europe. This is because many of the countries covered are politically unstable and as a result have volatile economies. This is a high risk fund, but if all goes well there will be high returns.
According to Standard & Poor's the Foreign & Colonial PF emerging Asian equity fund is ranked 112 out of 159 funds, based on £1,000 invested on a bid to bid basis with gross income reinvested over three years to August 7, 2000.