Technology stocks keep to their high valuations

M&G and Hill Samuel are both retaining overweight technology positions ahead of the millennium Neither group believes the sector will be heavily affected by the year 2000 compliance issue and both think performance should be strongly boosted in the new year Greg Kerr, US fund manager at M&G, says technology is the most positive sector in the US and is overweight by 2%, against the 24.7% S&P 500 benchmark, in its group's American Unit Trust In the short term he says there are concerns about the Millennium Bug but the prospects in the long term are so strong it does not make sense to under...