End of redemptions decade brings investors back to Tech & Telecoms

10-year anniversary of height of TMT bubble marks change of sentiment as retail investors see positivity return

With the arrival of the 10-year anniversary of the height of the TMT bubble, investors are once again looking at the Technology and Telecoms sector, after nearly a decade of redemptions. The IMA Technology and Telecommunications sector posted a £9.8m net inflow in 2009, the first positive yearly sales figure since the classification’s inception in May 2001 – over a year after the Nasdaq’s March 2000 peak. Launched with 32 funds, the Technology and Telecommunications sector had £2.6bn of assets at its creation. The tech sector now consists of just 10 funds with about £745m under manage...