Fund of the week: Buy into the new tech boom

Investors burnt by the last tech bubble should take another look at the sector. This internet and mobile-focused trust is already up 20% in the last six months.

Investors who are still wary of technology stocks, long after the dotcom bubble burst in 2000, should give the sector a second chance. "Investors have already begun to make decent returns," notes David Prosser in The Times. The Polar Capital Technology Investment Trust (LSE: PCT), for example, managed by Ben Rogoff, is up by more than 20% in the past six months alone.

That's in part because, in the first three months of the year, the US technology index, the Nasdaq, has returned 19%, buoyed by many technology companies reporting solid 2011 results.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Swipe to scroll horizontally
Apple12.4
Google4.6
Microsoft4.4
Samsung Electronics3.8
Qualcomm3.1
International Business Machines2.6
Intel2.5
Cisco Systems2.3
Oracle2.2
Taiwan Semicon Manufacturing2.1
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.