Thematic: Tech funds strong, yet losing favour

Funds listed in the IMA's Technology & Telecoms sector have produced returns akin to those in the UK...

Funds listed in the IMA’s Technology & Telecoms sector have produced returns akin to those in the UK All Companies peer group over the past 12 months, though the former have seen large levels of outflows over the timeframe. Investment Week looked at how the funds in the sector have grown in size over the last year. On 22 May 2005 there were 19 funds in the sector with at least one year’s performance figures. A year later, on 23 May 2006, the sector has shrunk by two and the assets under management have barely grown. On the face of it, it would seem that a lot of money has moved into the s...