Private investors have been warned on snapping up information technology stocks by trustees of an investment trust.
Bankers Investment, a £500m international trust run by Henderson Investors, is claiming technology share price were being driven by high demand from private investors. Its also claiming the fundamentals of analysis have been ignored by the markets valuing them.
The alert follows a recent warning from the Financial Services Authority on the volatility of the sector.
Bankers Investment Michael Moule says: “If the high street investor is less loyal he could soon be clicking his mouse somewhere else.”