View more on these topics

Fund managers turn to technology

Fund managers have increased their exposure to technology and telecoms after seeing an uplift in performance.

In March, the IMA technology and telecommunications sector produced a return of 10.4 per cent. Research from Financial Express shows BG Group was the most widely bought stock by fund managers last month. Investments in Telefonica, Centrica and Vodafone were also popular.

CAF UK equity growth, which has the highest weighting in Vodafone at 11.3 per cent, returned 12.4 per cent last month. BlackRock European dynamic was the biggest holder of Telefonica with 8.2 per cent and the fund returned 10.7 per cent while Centrica’s biggest holder is Premier Castlefield monthly equity at 5.9 per cent, with the fund rising by 7.9 per cent in March.

Financial Express analyst Harpreet Sajjan says: “I think these figures show just how speculative and reactionary the market has now become, as in this instance there is no specific reason for the increased interest. What has become apparent in recent months when it comes to sectors is that there is no longer a definitive trend in the market with one being the most popular one month and a different one the next.”

Recommended

Broker Talkback

Do you think the G20 agreement has done enough to get the global economy on the road to recovery?

Yes 63%
No 37%

Dual purpose

Advisers are calling on lenders to be up front about their dual-pricing strategies.

US election

Capital Market Notes, November 2016 David Lafferty, chief market strategist at Natixis Global Asset Management, looks at the impact on markets and portfolios since the somewhat surprising outcome of the US election. Click here

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com