Teletech sector fund

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JP Morgan is set to launch a Luxembourg-based Global Teletech fund to capitalise on the growth prosp...

JP Morgan is set to launch a Luxembourg-based Global Teletech fund to capitalise on the growth prospects in the technology and telecoms sectors. Jon Little, sales director at JP Morgan Europe, said: "It appears to us that the boundary between these two sectors is increasingly arbitrary, with telecoms companies providing the infrastructure for the internet and tech companies such as Microsoft buying up cable companies. "Additionally, the telecoms element of the fund adds to its overall defensive characteristics. Investors are often concerned that some technology companies, while they have ...

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