Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fundsters Talk Tech Not Rated 3.0 Email Routing List Email & Route  Print Print
Tuesday, February 23, 2010

Fundsters Talk Tech

News summary by MFWire's editors

In The Wall Street Journal's Fund Track column Tuesday, Jon Burton collected fund managers' views on the technology sector.

Some in the industry feel that tech stock growth is slowing. The Technology Select Sector SPDR, the largest tech ETF, was down 5 percent for the year (as of Monday). The fund rose 51 percent in 2009.

But other managers have different opinions.

"Tech is by far outpacing all the other sectors in terms of earnings growth," the article quoted Brian Belski, chief investment strategist at Oppenheimer Asset Management, as saying. "Technology will be an earnings-growth driver for the next several quarters."

Over the last five years, the top-performing, actively-managed technology related funds have been the Seligman Communications & Information Fund, Firsthand e-Commerce Fund, Ivy Science & Technology Fund, T. Rowe Price Global Technology Fund and Henderson Global Technology Fund.

Managers can't seem to agree on how fast tech stocks will grow in the coming months and years, but many feel that as the market evens out, tech will continue to climb.

"Growth is not universal, and therefore the market is going to pay a premium for it," said Jim Awad, managing director at Zephyr Management.

The column also gave shout-outs to the PowerShares QQQ ETF and the iShares Dow Jones U.S. Technology Sector Index Fund

Edited by: Daniel Tovrov


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use