Rothschild's Five Arrows fund to raise its tech bias

By Jane Wallace Rothschild Asset Management is overweighting the technology sector in its Five Arrows UK Major Companies fund. Even so fund manager Charles Deptford is wary that there could be a correction after the rapid rise in value of tech stocks. He said: "We have actually been clipping back individual positions. When stocks move 25% in a few weeks, there is scope for them to lose 25% too, although we don't know what the catalyst might be." The cash raised from sales was being reinvested in the sector. For example, although Deptford has sold off some of his stake in ARM Holdings, h...