View more on these topics

Investors &#39still switched on to technology funds&#39

Technology funds are continuing to grab the attention of investors despite recent lacklustre performance, according to online price and performance information provider Trustnet.

The fund receiving the most hits from users of the website in April was Aberdeen Asset Managers&#39 technology unit trust, while three further tech funds appear in the top 20.

But the five best-performing unit trusts tell a different story, with technology funds absent from the top ranks.

According to Trustnet, the top performers are led by New Street Asset Management&#39s Hiscox insurance portfolio, with Global Asset Management&#39s UK diversified fund taking second place.

Third is Jupiter&#39s financial opportunities fund.

Trustnet was launched five years ago and aims to provide an independent source of free information for intermediaries and private investors. The site is updated daily.

Sales & marketing dir- ector James Jones says: “Technology funds are not the star players they might have been a year ago in terms of performance but they continue to attract attention because of their high profile.

“This is not to say tech funds will not have a renaissance over the longer term but for now investors are steering clear and looking towards European funds and the UK growth sector, which both feature prominently in our performance league.”

Recommended

Skandia to cut annual management charge across fund supermarket

Skandia is to cut its annual management charge across its fund supermarket.Previously, clients paid 0.75 per cent a year on top of each funds’ individual annual management charge.The 0.75 per cent will now be waived for clients with assets of more than £10,000 on the supermarket, and reduced to 0.5 per cent for those with […]

Labour has closed its ears to follow secret agenda

Our industry clearly faces numerous changes. Enough have taken place already over the past five years. Many have yet to make themselves felt. Many changes in legislation may have a far wider impact on the industry than we have appreciated, making it hard to quantify the likely impact of these numerous changes and assess which […]

IFA guide focuses on smaller company potential

Smaller company unit trusts are expected to continue to outperform their bigger company counterparts, according to the David Aaron Partnership. The IFA is this week launching a new guide to UK and European smaller company unit trusts. The guide features analysis from fund managers on the outlook for the future and details their favourite shares. […]

City finds FSA &#39intrusive&#39

City institutions find the FSA “bureaucratic, intrusive and insensitive” in its regulation of UK financial services, according to a new report.The report, “Waking up to the FSA”, by the Centre for the Study of Financial Innovation, a City think-tank, says the FSA has failed to communicate how it will use its new powers after N2.But […]

Embrace simplicity!

By Fiona Holmes, proposition communications manager When I first took out critical illness cover, I was overwhelmed. It wasn’t just the form filling, it was finding out about the sheer number of illnesses I was covered for. Did it give me peace of mind that I was covered for neuromyelitis optica or systematic lupus erythematosus? […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com