Universal tech benchmark needed

By Mohamed Ali Bernat Global technology fund managers are having to use a medley of hybrid benchmar...

By Mohamed Ali Bernat Global technology fund managers are having to use a medley of hybrid benchmarks as there is no universally recognised benchmark to measure fund performance against. This is making it difficult for fund managers and IFAs alike to compare the various tech fund performances. A selection of benchmarks exist for individual markets, such as the UK, Europe, Japan and US, but fund managers are forced to put together a network of coverage from information providers to give them worldwide coverage of stock performance. This lack of a recognised global technology index saw th...