Aegon Technology fund returns to old economy

The Aegon Technology fund has built up a cash weighting to 10% and shifted into old economy stocks. Jackie Bowie, who joined from Aberdeen earlier this year, has made the changes since she started running the fund on 5 March, following the departure of previous managers Paul Kleiser and Stuart O'Gorman to Hendersons. On her arrival, the portfolio was fully invested. Since then, she has raised cash and increased the weightings in hardware technology stocks, particularly PCs. She said: "Old economy technology, as it is known, was originally a growth area in the early 1990s. The sub-se...