growth of 342.1% necessary over next 12 months to return capital to original level
Despite the recent rally in technology markets, the average technology fund needs to grow by 342.1% during the next 12 months to restore capital invested in February 2000 to its original value. According to offer-to-bid figures provided by Lipper, even on a three-year investment horizon, the average technology fund would have to grow by 150.7% per year in order to restore an investment of £1,000 made on 29 February 2000 to its original level. The date 29 February 2000 was selected for the purposes of the survey as it represents a point just before the height of the technology boom. Du...
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