Close UK index fund rises

By James Thorneley The Close UK Technology tracker unit trust has seen its assets increase 500% since launch in November last year. Much of this growth is down to increased retail interest rather than underlying portfolio growth, according to the group. The fund commenced dealing on 3 November, when the FTSE techMARK 100 index was launched, with assets of £20m. It now has £100m. Since then the index has grown by about 80% from 2302.22 to 4204.10 on 18 January. The index was developed with a base value of 2,000 as of 18 October. Marc Gordon, managing director of Close Brothers Fund Manage...