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Investec calls up new mobile technology

However Lakey disagrees. He says: "The product literature is confusing. Not enough detail is provided regarding the charges, the reason for its offshore base and its dollar denomination."

Looking at the product overall, Chapman says: "To launch just another technology fund would have meant little press coverage. The marketing boys have therefore come up with this deviation on the theme."

Lakey is doubtful. He says: "I doubt whether this product will achieve a worthwhile fund size."

Finally Stevens says: "Technology is not going to go away. Today’s science fiction is tomorrow’s science fact. Investment in these areas is risky. The losers will lose dramatically – the winners will win spectacularly. A long term well spread out investment should do well. Many new technology devices which seem gimmicky now will be considered essential in years to come."

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