Ouch! AXA global tech

Ximian

I'm down over £100 in my AXA Framlington Global Technology Fund, actually, all my funds are down today. I'm more concerned about the AXA Framlington Global Technology Fund though, since it's quite volatile, I'm thinking of possibly ditching that fund for something less volatile.
Anyone else have the Axa global tech fund, especially for longer than 3 years, and are you or have you been happy with the performance?

Lokolo

£100 down on how much? £100 down on £10,000 is hardly anything. £100 down on £200 is a lot....

My funds are down 1.5% after yesterday.

Ximian

The Axa fund is down 8.04%

Ark_Welder

Ximian wrote: »

The Axa fund is down 8.04%

What proportion of your total funds does the Axa fund represent? They should all be considered together: e.g. if it is 5% then that might not be so bad; if it is 50% then that is a different matter.

Ximian

Ark_Welder wrote: »

What proportion of your total funds does the Axa fund represent? They should all be considered together: e.g. if it is 5% then that might not be so bad; if it is 50% then that is a different matter.

25% of my current funds. I'm just concerned that the fund will drop much more .. and if I should switch earlier instead of later.

dunstonh

The AXA fund is specialist and even for adventurous investors you typically wouldnt exceed 10-15% for specialist funds.

Jegersmart

Well it does depend on what your other holdings are and what type of assets you are in etc....what does the total portfolio look like in terms of performance? You could perhaps rotate out some of the Tech stuff - but at the end of the day there msut have been a good reason to invest - is that or those reasons still valid?

almondsalty

I don't know the holdings of the AXA technology fund, but technology is a very volatile sector. But most of the big names like Intel, Microsoft and Apple have reported good news lately so it might be worth investigating the holdings of the fund fully.

Also just read the commentary from June: "We also participated in the Initial Public Offering of Pandora Media." - Noooooooo, big mistake in my opinion!

Credit-Crunched

If it makes you feel better I have just 'lost' about 6k in a 24k portfolio!

whoops!

Ah well, its a long term one so should right itself

prudryden

AXA, as most of the more well known technology funds, has had a good run in 2009 and 2010. They probably are due a bit of a shakeout. Still 4 star rated by Morningstar for performance/risk. They invest fairly much in the same US stocks as all technology funds - Apple, Cisco, Microsoft, Qualcom. @80% in US means there is a currency risk in addition to market risk. 25% invested in one sector would be above my comfort level but not everyone.