Twists and turns ahead for tech

Throughout the dot-com bubble of the late 1990s, the technology-dominated Nasdaq index rose from under 1,000 to 5,000 in the five years before its spectacular crash in March 2000. Many investors have found the crash hard to forget and large swathes of the technology sector have struggled to gain favour against a general wariness ever since. Today, Technology and Telecoms remains the second smallest of the IMA sectors, currently holding £815m in assets under management (AUM), the equivalent of 0.1% market share. In contrast, UK All Companies, the largest IMA sector, has £99bn in AUM, a ma...