Framlington Investment Management has introduced the New Leaders fund, a unit trust that is aimed at mainstream investors willing to take a degree of risk. The fund will invest in a range of companies that are involved in technology, telecoms, healthcare, media, financial services and the Internet.
Framlington believes that these areas have the potential for gains as a part of the new global economy. The breadth of investment will mean that the fund will not be dragged down by events such as the recent plunge in the value of technology stocks.
The product could appeal to the investor who wants to get involved in these areas and is attracted by the fact that the fund is not confined to just the one geographical area or theme, thereby spreading the investment risk.
According to Standard & Poor's Micropal the Framlington Financial fund is ranked 9 out of 25 funds, while the Framlington International Growth fund is ranked 6 out of 114, based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to April 24, 2000.