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Julian Gibbs

My two favourite sectors at the moment are European and technology shares. In Europe, company profits are often exceeding expectations and I believe the euro must rally soon to give currency gains to investors in European shares.

Technology shares are also good value, with some of them being less than half their 52-week highs. Technology shares usually rally strongly towards the end of the year.

I always like a bargain when I see one, this time from SocGen, which has just launched its EuroTech Isa. This invests 50/50 in its European growth unit trust, which is rated AA by Standard & Poor&#39s, and its technology unit trust, which has an A rating.

Both have shown excellent past performances and have been among the top performers in their sectors since they were launched in 1998. The technology trust is up by more than 350 per cent.

Alan Torry, who manages the SocGen technology unit trust, was the original manager of Prolific technology, now Aberdeen technology, and has 25 years&#39 experience of investing in technology shares. He has always performed well in this tricky market.

The European trust is managed by Dino Fuschillo, who was formerly with Lazard, and Stuart Gilmartin, who was with Gartmore. They both have considerable experience in analysing and picking European stocks.

Both these trusts have performed well this year despite poor markets generally. This Isa is

being launched with a

2 per cent discount on the initial charge, with normal initial and trail commission being paid to IFAs. It should be a winning combination for growth investors who are prepared to take some risk.

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