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Post by Fletchsmile on Jul 25, 2019 20:11:58 GMT 7
Polar Capital Technology Trust – another great year
-The trust invests in up-and-coming technology trends -We think it's a reasonable option for exposure to some of the most promising technology companies NAV total return of 24.7% compared with 21.4% for the trust's benchmark -Share price total return of 17.9% as the discount widened over the year -Technology is one of the most exciting and fast-moving parts of the stock market. In recent years there have been leaps forward in areas like artificial intelligence, machine learning and gaming.
Ben Rogoff and Nick Evans, managers of the Polar Capital Technology Trust, are experienced investors in technology companies. They look for established technology businesses with an advantage over competitors and a high quality product or service.
The trust's done well over the long term. An investment of £10,000 made 10 years ago would be worth £73,838* before charges although there are no guarantees these exceptional returns will be repeated. All investments can fall as well as rise in value so you could get back less than you invest.
contd.
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Post by rgs2001uk on Jul 25, 2019 21:01:20 GMT 7
My stockbroker pointed me in that direction a few years ago, I think about 5 years ago, I have done well out of it.
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Post by Fletchsmile on Jul 25, 2019 21:46:46 GMT 7
Yes I recall you had it, so thought the article may be of interest.
I'm a bit wary of jumping into technology only funds at this time given the very strong performance in recent years. So prefer funds with a wider remit. I'd probably feel different though if already invested and consider holding.
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AyG
Crazy Mango Extraordinaire
Posts: 5,871
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Post by AyG on Jul 26, 2019 7:05:26 GMT 7
Not a fund for widows and orphans, methinks.
It's also not something I'd buy because (a) some of the underlying stocks are extremely expensive, (b) technology companies such as Facebook typically have a relatively short life, (c) Apple in particular is highly dependent upon coming up with new, attractive products every year or two. At some point they'll have a few flops in a row and the share price will collapse. They're also facing competitors producing increasingly alluring products - and at a more reasonable price.
It was a surprise, however, to see it's trading at a discount of 7.7%.
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Post by rgs2001uk on Jul 26, 2019 20:37:05 GMT 7
Not a fund for widows and orphans, methinks.It's also not something I'd buy because (a) some of the underlying stocks are extremely expensive, (b) technology companies such as Facebook typically have a relatively short life, (c) Apple in particular is highly dependent upon coming up with new, attractive products every year or two. At some point they'll have a few flops in a row and the share price will collapse. They're also facing competitors producing increasingly alluring products - and at a more reasonable price. It was a surprise, however, to see it's trading at a discount of 7.7%. Concur, horses for courses, isnt that the reason Scottish Widows was set up? I will concede, this isnt a fund for pensioners looking for regular income, its geared up for capital growth, heck it doesnt even pay dividends. Brings us back to the age old question, at what point do you cash in? This fund has been good to me, I have trebled my money, however as I migrate away from capital growth to regular income, this is one fund I am giving serious consideration to, I may well cash in my profits and reinvest elsewhere, leaving only my original investment invested.
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