Good returns from investment in US tech giant Nvidia

A quick look at the performance of unit trusts last year shows that no fewer than 26 unit trusts in the country achieved returns of more than 30%.

- Adriaan Kruger

More than 10 Uo chalked up returns of more than 20% over 12 months.

The best-performing unit trust ended with an annual return of nearly 72%, the second best with 68% and the third with 54%, while 10 unit spoilt investors with total returns of 40% and more.

The best of the bunch with a 72% return was the Raven BCI Worldwide Flexible Fund, according to the Profile Data published on Moneyweb.

The fund's fact sheet shows that this beautiful return was due to a big investment in the US tech giant Nvidia, which increased by close to 165% from $53 (R1 016) in January to $140 at the end of last year.

The fund did even better by investing in AppLovin Corporation, a tech company that facilitates the development and publishing of software applications.

AppLovin gained a massive 741% from the beginning January to the end of December 2024.

The Saltlight SNN Worldwide Flexible Fund can also thank AppLovin for its gain of 68% during last year. It had an investment in Sea Limited, which produces online games and entertainment, which returned 187%.