Henderson Global Technology A Accumulation Units

Stuart O'Gorman's Henderson Global Technology Fund has a larger proportion invested in technology giants such as Microsoft, Apple and IBM compared to many other funds investing in this sector. Until recently this saw the fund lag its peers as smaller, more nimble technology firms performed best. However, in the recent market turmoil fortunes have reversed and the more stable, cash-rich large firms have fared better.

A major theme in the fund is e-commerce, an area which Stuart O'Gorman believes has plenty of potential for growth. Even in the US, one of the more mature internet markets, the percentage of retail spending online is still only at mid-single digit figures, and he believes that this will rise strongly over time. Similarly, he also hopes to position the fund to benefit from increasing online advertising, which is also in its infancy, through exposure to stocks such as Baidu, the Chinese equivalent of Google.

It is clear that we live in an increasingly electronically connected world with fast and constant connection a high priority for both businesses and individuals. According to Stuart O'Gorman the growing proliferation of devices such as smart phones and tablet computers means that there are enormous opportunities for companies that serve this market.

For investors looking for a broad-based technology fund this is a reasonable choice, though higher-octane funds in the sector may make it look pedestrian during periods when higher-risk technology stocks are in vogue. Whilst this fund may offer diversification in a wider portfolio, it is specialist and therefore higher risk and any investment should be consider over the long term.