Tech interest returns but scars remain from the dotcom bubble

Retail investors return to dwindling sector after seven years of redeeming assets

Retail investors have begun to move back into technology after seven years of redeeming assets from the dwindling sector. 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 2001. Launched with 32 funds in May 2001, the Technology and Telecommunications sector had £2.6bn of assets at its creation. On the 10-year anniversary of the height of the dotcom bubble, the tech sector now consists of just 10 funds with about £680m under management. Chelsea Financial Services mana...