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Hi-tech bonanza theory

A surge in technology funds investment can be traced to interest from private retail investors, according to the Association of Unit and Investment Funds.


November&#39s figures from the Autif show a record inflow of £220m plus a 200 per cent rise in technology fund sales.


In total £247m flooded into the global specialist sector, with 90 per cent of this poured into technology funds.


Autif director of communications Anne McMeehan says: “Technology stocks have been attracting attention for some time now, but this is the first time we have seen the same sort of enthusiasm extended to unit trusts and OEICs.”


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Autif traces stocks surge

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