Positive outlook for growth despite TMT volatility

Paul Doyle, manager of the Threadneedle European Smaller Companies Growth, retains a positive outlook for growth despite volatility in the technology, media and telecoms sectors. The Oeic fund is overweight in technology which Doyle said contains strong performing businesses across all areas, as far as both turnover and profits are concerned. Doyle highlighted Nokia an example of a telecoms stock which has shown considerable growth. He added: "Nokia was a wellington boot conglomerate in the 1980s. It transformed itself into the market leader in the 1990s." Doyle favours Sat 1 a German me...