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Tech fund fever continues, says IFA

IFA Willis Owen claims a growing number of mature investors have seen their technology stocks perform so well, that they are now reluctant to sell up.


Traditionally, those approaching retirement have sold equities and bought safer investments such as bonds in order to lock in the gains their portfolio has made.


But it believes this is no longer the case with many older investors clinging on to their top performing funds in the hope they will continue to bring excellent returns.


Managing director John Owen says: “Even octogenarian grandparents seem to be going down with technology fever. Their equities are doing quite well and they are loathe to part with them.


“I stand by the old rule, that the percentage of your capital in equities should be 100 minus your age. So if you are 80, only 20 per cent should be in equities.”

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