Reactions to yesterday's results announced by Polar Capital Technology investment trust manager Bria...
Reactions to yesterday's results announced by Polar Capital Technology investment trust manager Brian Ashford-Russell are generally of the nature that his comments were a warning against investing in technology at this time.
In fact say some observers today, Ashford-Russell's comments were at times extremely pessimistic.
Short term gains are to be excluded, but even the 4-5 year picture could remain subdued, with outperformance from technology stocks possibly restricted to a few short spurts during that time.
Ashford-Russell further cemented his reputation by presenting figures showing Polar Capital continues to outperform competitors, but how exactly investors will feel about a fall in the fund's net asset value of nearly 25% in the year to April is another matter.
Polar Capital is likely to attract a premium compared to its peers, but its discount could get wider in the next few months as poor results from technology firms, continued bankruptcies and lack of investment capital will keep the sector from mounting a come-back.
First mentioned in Cridland Report
Second acquisition of 2019
Guy Opperman has rejected calls to speed up changes to auto-enrolment (AE) despite increasing pressure to boost contribution rates and overall savings pots.
Four key areas to focus on
And 94% for critical illness