Why tech funds may have to merge

Professional Adviser
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The technology sector bubble was the final phase of the great 1990s bull market. Its bursting has ha...

The technology sector bubble was the final phase of the great 1990s bull market. Its bursting has had a major impact on the market as a whole and will continue to effect the fund management industry over the medium term. Never slow to seize an opportunity, fund management houses reacted to fast-rising stock prices in the technology, media and telecoms sector by launching a plethora of specialist funds that promised a ride on the new economy bandwagon. The quantity of fund launches closely mirrored price trends within the sector, rising rapidly as the bubble expanded, then drying up a...

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