View more on these topics

Legal & General plug into technology

Legal & General is jumping on the technology bandwagon with its global technology unit trust.


Aimed at experienced investors who are looking for exposure to the technology market, the trust will track the FTSE all world technology index. The FTSE all world technology index consists of 175 companies based all over the world and includes companies such as Microsoft, Intel, Cisco, Nokia and Marconi. Seventy-two per cent of the index will be in companies based in America.


Some technology funds have a narrow investment base, such as the wireless world fund from Investec Asset Management which invests purely in wireless technology for mobile access to the internet. The global technology fund has a wide geographical and technological base and this will therefore spread the risk around.


According to Standard & Poor’s the Legal & General global growth fund is ranked 54 out of 125 funds, based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to October 30, 2000.


 

Recommended

ABI asks IFAs to explain with-profits to public

The ABI&#39s Raising Standards initiative is to aim its accreditation for with-profits products primarily at IFAs because its explanation of charges and deductions may prove too complicated for consumers.Life offices which do not offer the with-profits option are claiming that the quality-mark scheme will struggle to make the multi-billion-pound with-profits market transparent to consumers.The concerns […]

Allied Irish Bank offers two track investment

Allied Irish Bank is targeting building society savings account holders with its equity linked deposit account.Investors are given a choice as to whether they want to make their investment in Euros or sterling. The decision they make will have a bearing on what index the investment will follow. Investments in sterling will be linked to […]

A world of wealth

For high-net-worth individuals, offshore centres are widely recognised as providers of investment expertise, security and confidentiality. Generally accepted as having investible assets or more than £500,000, HNWIs account for a significant part of the offshore investment market.An estimated £4 trillion in HNWI assets – almost one-third of the estimated total global HNWI market of £11 […]

Bankhall set to go online with IFA support service

Bankhall is piloting its own online IFA portal service with 50 of its members.The IFA support service provider is keeping its cards close to its chest but plans to roll out the service to all its member firms by the end of the year.The service, called IFA engine, aims to rival the Exchange, Assuresoft and […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment