Chanticleer

Why tech is the best growth option

The tech index and its tracking ETF show if you can cope with the volatility technology stocks bring, they are one of the best options for capital growth.

Jun 10, 2020 – 12.00am

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When the ASX and S&P Dow Jones Indices launched the country’s first technology index in February, they opened the way for another wave of disruption in the local funds management industry.

The creation of an index comprising the top 45 technology stocks in Australia was the trigger for the launch of the first exchange traded fund (ETF) that offered investors access to fast growing local tech at about a quarter of the price of active equities management.

Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist.