Techs need up to 200% growth to restore capital

By Ruth Alexander The average technology fund needs to return some 200% in the coming year to bring investor's capital back to its original value, after the past year's halving of returns in the technology sector. According to Standard & Poor's calculations, on a bid to offer basis, even over five years, an investor would need to achieve annualised growth rates of between 13% to 27.6% just to recover their initial investment following the recent market falls. Last year, technology was one of the more popular Isa choices, according to Autif. In February 2000, technology funds made...