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Thanks mainly to a high inflation and rising interest rate environment, many technology stocks took a beating in 2022, only to rebound strongly last year.
In particular, the ‘Magnificent Seven’ – Amazon, Apple, Alphabet (Google’s parent), Meta, Microsoft, NVIDIA and Tesla – led the charge that contributed to the tech-biased Nasdaq index rising 43% in 2023.
Holding technology company shares directly is one way for investors to gain exposure to this key industrial sector. But this can require painstaking research as well as the time and effort involved in administering a share portfolio.
For investors who are looking to spread their bets over a number of companies, specialist tech-based investment funds, including exchange-traded funds or ETFs, potentially offer a straightforward route towards diversification.
To provide a steer, we’ve asked Rob Burgeman, investment manager at RBC Brewin Dolphin, Jamie Clark, investment manager at Kingswood Group, Darius McDermott, managing director of FundCalibre, and Myles Renouf, investment manager at Oakglen Wealth, for a selection of tech-based funds that potentially fit the bill.
