In the mid 1980s there were 16 technology funds, by 1995 there were only three Cash in on the tech cycle

Technology is certainly a cyclical rather than a growth area at least as far as the history of sector funds goes. Back in the 1980s there were 16 technology funds all vying for investor money in a growth sector but by the mid 1990s there were only three. Since then technology has shot back into favour and there are now more than 20 such unit trusts. Steve Arnold, a director at Scudder Threadneedle, said their mid-1980s popularity, came on the back of a rally in stocks which followed the personal computer revolution, spurred by the advent of the microchip. He said: "This led to a massive sp...