Rathbone Tech suffers

The Rathbone Technology fund fell 17.3% in the three months to 10 May as exposure to small and mid-cap companies increased its vulnerability to recent volatility. The frA rated fund, approaching its first anniversary on 25 May is ranked 32nd out of 40 in the Specialist sector over three months on a bid to bid basis. Over one year to 10 May it achieved growth of 105.7% and was ranked eighth. Hugh Priestley, manager of the fund, says exposure to a larger number of small and mid-cap companies than its competitors led to its outperforming competitors on the way up and underperforming on the ...