Techs to rise again

Rewards were missing from the technology sector over the past year, although the risk was definitely present, according to John Kelly, investment director, at Barclays Global Investors. Kelly offered a scathing overview of investor performance during the technology, media and telecoms downturn last year. He said: "There was a lot of embarrassment caused by the tech, media and telecom excesses. It's too soon to call it a bubble so we use phrases like consolidation and correction." He then issued a warning to the fund management industry on the future of the markets. "While the market is ef...