Aberdeen Technology Unit Trust

Whatever your views on the suicide attacks on America, you have to admit it was a dream strike for the terrorosts. Massive loss of life, the destruction of the twin symbols of American prosperity, worldwide publicity and the Middle East set to suffer when Bush cries havoc and lets loose the dogs of war. The terrorists even made a mint out of the capitalist system they hate by buying and selling share options to profit from the calamity. For investors it was a massive blow as the Dow Jones and Footise went south. The UK index is now at a four year low with a major worldwide recession biting ... more

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 ... more

If you bought in this fund at the begining of the Millenium in the speculative hope that you'd make big short term gains, you'd be pretty annoyed at the middle of the year devaluation of the unit price. Luckily I had bought in a couple of years ago before most of the hype pushed up the price of the units so I've still got a healthy profit. I still reckon that this fund is a very good bet for the future. Technology is here to stay, there's still an long way to go and Aberdeen have a fairly experienced team. This fund hasn't speculate on the dot.coms with no revenue stream or a viable future ... more