Separate sectors are a good idea

Such has been the popularity, particularly in 1999 and the first half of 2000, of funds specialising in technology and telecommunication issues, that Autif created a new sector specifically for these funds earlier this year. Previously, these funds were found in the Specialist sector, which includes financials, healthcare and other funds that either focus on a theme or a single country (other than Japan, US or the UK). Autif also has a sector for index bear funds, of which there is just one, Govett's US Index bear fund. A look at historic sales figures gives a clear indication as to w...