Aegon tech exit shows bubble damage

Technology funds made a rare appearance in the press last week with Aegon announcing plans to close ...

Technology funds made a rare appearance in the press last week with Aegon announcing plans to close its vehicle in July after 20 years in the sector. Although the remaining players might claim technology is worth another look once in a while, it is rare to see any mention of these funds apart from articles calculating how much they need to gain for people to get their money back. And since many observers may feel the Aegon story is irrelevant given the size of the fund and general distaste for the sector, this ignores the lessons that history can teach us about market bubbles. After all,...