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NEWS - TECHNOLOGY

Tech interest slowly returns a decade after dot-com boom

10 Mar 2010 | 15:52
Hysni Kaso

Categories: Technology

Topics: Technology | Henderson

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Henderson has noted renewed investor interest in its Global Technology fund despite acknowledging lingering scars of the tech bubble.

On the 10-year anniversary of the height of the dot-com boom, Henderson says it has seen positive net inflows into its product over recent months, buoyed by strong long-term performance.

Tech funds have also gained favour with the multi-managers in recent months. Jupiter's John Chatfeild Roberts introduced technology into his £3.86bn Merlin fund of funds range in the fourth quarter of last year, through the Henderson vehicle and Polar Capital's Global Technology product.

"It is positive to see that investors are recognising some of the current opportunities within the Technology sector," a Henderson spokesperson says.

"While the wounds of 2001/02 are taking a long time to heal, we have been encouraged with recent interest in the sector and as with most things, I suspect this will continue to grow as the sector continues to surprise on the upside."

While Henderson has seen strong flows, the IMA Technology and Telecommunications sector struggles to see any significant sales, with just £2.38m coming into the classification in January.

 

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