Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Polar Capital Technology Trust said its net asset value per share rose 24.7% in the year through April, beating its benchmark.
The Dow Jones World Technology Index -- total return, Sterling adjusted, with the removal of relevant withholding taxes -- rose 21.4% over the same time period.
'In the manager's report, Ben Rogoff describes in detail his view of the long-term direction of the sectors in which Polar Capital Technology Trust invests,' chairman Sarah Bates said.
'He was correct to warn about the volatility in the sector last year, and he remains concerned about both macroeconomic and geopolitical conditions and the valuations of some parts of the sector.'
'As a board, we also expect regulators and tax authorities to continue to seek to exercise some control over entities which have extraordinary global reach and influence.'
'Nevertheless, from an investment perspective, the sector provides an opportunity to benefit from returns from disruptors, as other parts of the economy suffer from disruption.'
'It will not be a smooth ride, but it will be exciting.'