Internet share dealing and £1,000

By THIS IS MONEY
Updated:

 

I have £1,000 to invest and am not afraid of risk. Could you point me in the right direction? I've been told that many share dealers are about to use the Internet for dealing. If so could this be a good investment? MM, Middlesborough.

Sue Whitbread of independent financial advisers Chartwell Investment Managers says: Picking individual stocks in the Internet-linked sector is very risky as they are so volatile. You have to be prepared for a bumpy ride or even losing your money altogether. A safer bet could be the NetNet fund, a collective investment specialising in Internet and Internet-related companies just launched by Framlington. It invests not only in purely on-line companies like search engine providers or on-line retailers, but also related companies worldwide that stand to benefit indirectly from the Internet.

It's available as a unit trust or as part of Framlington's maxi or mini ISA. Minimum lump sum investment is £1,000 or £50 a month and the initial charge is 5.25% with an annual management fee of 1.75%. Details on 0345 775 511 or the website above.

If you want more general technology funds (not solely Internet-linked) consider those from Henderson's, Aberdeen and Soc Gen.

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