Finsbury's Train: technology stock valuations could hit dotcom levels

The manager of the £143m Finsbury Growth & Income fund believes technology stocks are in the middle of the bull run that could see prices reach dotcom levels.

Nick Train has been looking to increase his exposure to the sector as he says technology and media stocks are still at relatively cheap valuations. “We believe a new bull market in technology began 18 months ago,” he says. “It was a very long bear run and the UK has a handful of world-class technology and media companies we can still buy at relatively cheap valuations. “We expect there to be another technology bubble. It does not necessarily have to involve the same companies as last time, but it will almost certainly see prices of companies rise to their 2001 levels.” Train has...