SocGen Asset Management has brought in the Eurotech Isa.
The Isa allows equal investment into two SocGen funds, the European growth unit trust and the technology unit trust and is aimed at investors who take a balanced investment approach.
European growth invests in companies all over Europe that SocGen feels are ready to deliver good returns. While technology invests in companies all over the world that are innovative in the areas of software, hardware and telecommunications. These include companies such as Microsoft, Yahoo, and Cisco Systems.
The technology market has seen a great deal of volatility in 2000, but still has potential for growth. However balancing this out with investment in Europe, which has a great deal of growth potential added to greater stability, should prove attractive to investors seeking to hedge their bets over the long term.
According to Standard & Poors the SocGen European growth fund is ranked 7 out of 100 funds and the SocGen technology fund is ranked 7 out of 37 funds, based on £1,000 invested on a bid to bid basis with net income reinvested over one year to October 2, 2000.