Finsbury Technology Trust saw its net asset value per share fall 11 per cent in the six months to May, down 4 per cent on its benchmark, the Morgan Stanley Capital International World Index, which fell 7 per cent.
The trust's share price fell 8.7 per cent over the period.
As was the case last year, no interim dividend is proposed.
Finsbury Technology Trust chairman Bryan Lenygon says: “The last year or so has been painful for the technology investor and there is widespread disenchantment with the sector. However, the application of scientific advancement and innovation continues and we believe that the current problems present a good opportunity too the long term investor.”