Tech sales remain high

By Robert Stock Intermediaries continued to buy into the technology sector in April despite the mark...

By Robert Stock Intermediaries continued to buy into the technology sector in April despite the market shakeout which began back in March. According to the latest figures from Autif, the IFA channel put more assets into tech funds via Isas and Peps than any other forms of distribution. Of the total gross retail sales into tech funds, IFAs were responsible for 80% of the £399m generated, around 8% of total Isa/Pep sales. Some of those, however, were generated through discount brokerage. Intermediaries were the lead distribution channel in April, accounting for more than 43% of all invest...