RUPERT Della Porta, manager of F&C's North American fund, is increasing exposure to growth stocks, particularly in the technology sector.
Della Porta highlighted large cap names such as Hewlett Packard and Cisco as among the most attractive stocks in the sector. He said emerging markets had been driving strong IT spending growth and Microsoft’s new Vista platform launch along with innovations in consumer and enterprise technology were also giving the sector a boost. Technology currently makes up 15.3pc of Della Porta’s £240.32m fund, an increase on June’s figure of 13.9pc. It is the second largest sector in the portfolio after financials, which makes up just over a quarter of the fund. Della Porta said he had begu...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
