A collective investment fund which invests only in technology company shares is called which type of fund?

• A. Smoothed
• B. Multi-Asset
• C. Closed-End Fund
• D. Specialist

Answer: (D)

Focusing on a single sector places the fund in the specialist category. A fund that invests only in technology company shares targets opportunities and risks within one area, rather than across different asset classes or structures.

Smoothed funds are described by how they manage volatility, not by sector focus; multi-asset funds diversify across asset classes rather than concentrating in one sector; and a closed-end fund refers to how shares are issued and traded, not what the fund actually holds.

So a technology-only fund is best described as a specialist fund, since it concentrates on a specific sector.