Bull market in tech brings in private investor money

The rise in tech stocks has been impressive over the past year but cracks are beginning to appear in the near seamless outperformance posted by the sector. Many of the high returns available from the market have come from small cap stocks pushed up not only by foreign fund managers but also by domestic investors. This latter category has in some cases been borrowing money to invest in such stocks. Natasha Chetwynd, fund manager at Britannic Asset Management, says: "Small technology stocks have risen over the past year. Individual investors have bought these stocks very heavily on margin. ...