Tech recovery still a long way off

By Ruth Alexander Having fallen by an average of 55.87% from the end of February 2000 to 1 March 2001, UK technology unit trusts and Oeics are unlikely to recover in the short term, according to many in the industry. The worst performing fund over that time period, Framlington NetNet, has seen its returns fall by 70.51% over the year to 1 March. To bring £100 invested in the fund at the end of February 2000 back to its original value, the fund now needs to return 239.1% over the next year, or realise compound returns of 50.24% over a three year period, or 27.66% over five years, acco...