Aberdeen Technology Unit Trust > Reviews > Solid Foundations

Author's product rating:   

Short-term performance	Good
Long-term performance	Excellent
Rating of sector performance/potential	Good
Quality of fund management	Excellent
Competitiveness of charges/costs	Average

Advantages:	Excellent long term performer and likely to stay so
Disadvantages:	A volatile sector that varies considerably in the short term .

Recommend to potential buyers:

yes

Full review

I bought into Aberdeen Technology in January this year. I was influenced by its consistent outstanding long term performance and after a discount from Hargreaves Lansdown the units cost me £28.11 each. The price rocketed to £42 or so and then fell back to around £30 in the correction. They recovered quickly and now stand at very nearly £36 which is well over 25% gain since I bought them.

The fund has temporarily been knocked of its pedestal, no longer being in the "Top Ten" performance chart, along with many others in the same sector. The fund, however, was built on excellent solid foundations with investments in the fundamentals of technological development - well established companies making the components and providing the networks rather than the dot.com companies - and so will continue to rise at a very pleasing rate and, in my opinion will return to the top of the charts in the not too distant future.

The tech markets are a good 20% from their peak, with and underlying trend in the right direction, and so now is probably a good time to be investing in that area. If you are looking for a technology fund that doesn't need your constant attention with a finger poised on the "Sell Button" then this could be the one for you.

I believe the main competitors to this fund are Finsbury Technology and Henderson Technology - both good bets.