Favourable tech outlook

SG Asset Management believes the outlook for technology stocks is favourable and should benefit from evidence of a recovery in the US economy. Hugh Grieves, who works alongside Alan Torry on the SocGen Technology unit trust, said improvements in the US economy are feeding through to the technology market and the sector is highly leveraged to an upturn. Grieves said: 'The Nasdaq rallied through April and June last year in anticipation of a recovery that never happened. People will ask what is different this time and the answer is that the index is now firmly in positive territory. The US...