With catastrophic damage having been wreaked upon certain specialised investments ' especially TMT ' Frederic de Merode asks whether themed and sector funds have a place in a post-crash portfolio
Has the increasing correlation in global markets impacted the relative performance of theme and sector funds versus the overall market? Has it made the job of the asset manager easier or more difficult? Before addressing this particular issue, it might prove useful to explore the premise and relative merits of each investment approach. Thematic funds were popular in the late 1990s and 2000. Sector funds were popular too, particularly if they specialised in telecommunications, media and technology (TMT). Having said that, those thematic funds which became popular at that time also tend...
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