The tech industry has been booming for the past fifteen years; and it seems to be a rollercoaster that only goes up. The tech bubble has yet to burst, with companies coming out with more and more technological developments and consumer demand is certainly not slowing down. So, for the tech-savvy investor who wants to put their pennies behind this strong growing industry, we’ve put together our top three picks for Technology Stocks and Shares ISAs.
What is a Technology Stocks and Shares ISA?
This is essentially what it says on the tin: it’s an investment which is kept within the tax-efficient wrapper of an ISA, specifically focusing investments and funds within the technology industry.
Because it is an ISA, the returns which are generated from these investments are kept safe from the tax man. Every UK citizen is permitted to invest up to £20,000 per tax year in an ISA, the returns from which are not subject to capital gains tax.
Legal and General FTSE Global Technology Index Tracker Fund
With this fund you can…
- Invest from £20 per month
- Or invest with a £100 lump sum
- Have access to global companies working with technological advances
- Invest in a low cost form
- Manage your account online
- Invest in well-known companies, such as Microsoft and Apple
- Invest via tracking the FTSE World Technology Index
Invest via Legal & General investment platform
Polar Capital Technology Trust PLC
With this fund you can….
- Invest from £25 per month
- Gain exposure to diverse tech companies over the world
- Trust your funds are managed by an experienced fund manager
- Have managed exposure to risk
- Gain good returns from diversified investments
Invest via the Hargreaves Lansdown investment platform
Allianz Technology Trust PLC
With this fund you can…
- Invest from £25 per month
- Rest assured your investment decisions are made by Walter Price, who boasts 40 years of experience in technology investment
- Invest in mid/large sixed tech companies, which focus on companies which are developing new products or technology
- Invest in companies with the potential to become the Apple, Microsoft or Google of tomorrow.