TMT sectors look set for recovery

The global technology, media and telecoms sectors are set for a recovery this year, according to fund managers operating in the offshore market. While certain areas of this diverse sector may see a change of fortunes, other areas could remain a poor investment, according to Jeremy Gleeson, co-portfolio manager at Reabourne, the appointed adviser for the Close Finsbury Technology fund. 'Certain parts of the sector are in better shape than they were a year ago, other areas are still in rough shape,' he said. 'The semi-conductor market, for example, is better than it was 12 months ago. Dem...