The Govett European technology fund from AIB Govett is an open ended investment company (Oeic) intended for experienced investors, who want to get some exposure to the technology market.
The fund aims to provide growth by investing in European companies that use or develop computer software and hardware, information technology or telecommunications.
Govett believes that, despite the recent turmoil in the technology market, Europe still has the potential for a great deal of growth in this area of the market and that the Oeic can exploit this.
Although the technology market has recovered from its recent period of instability, it is still a volatile area and in the short term this could well be a high-risk product.
According to Standard & Poor's the Govett European strategy fund is ranked 4 out of 90 funds, based on £1,000 invested on a bid-to-bid basis with net income reinvested over three years to June 26, 2000.