Posted by Admin | Investing

Tech times: The past decade has witnessed a smartphone revolution

Tech times: The past decade has witnessed a smartphone revolution

Technology has been the most profitable investment of the past decade, with smartphones, electric cars and social media among the major advancements.

On average, savers who put money into a technology fund have seen their stake rise by 248.1 per cent, turning £10,000 into £34,810, according to research by stock- broker Hargreaves Lansdown.

Candriam Equities L Biotechnology, a specialist fund investing in medical firms, has turned £10,000 into an impressive £71,900.

Had you invested £10,000 in the best-performing general technology fund, AXA Framlington Global Technology, ten years ago, you would be sitting on £39,480.

Legg Mason IF Japan Equity, the best performing Japanese fund of that period, has turned £10,000 into £53,970.

p.thomas@dailymail.co.uk

 





Courtesy: Daily Mail Online

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