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Tech launch for Jupiter

Jupiter Asset Management is to set up its first technology fund next month, aiming to target £500m of retail investment cash.

The move follows the frenzy surrounding technology stocks sparked of in the last months of 1999.

The fund will aim to invest in 100 companies that are either active or benefit from technology plus media and telecommunications.

Jupiter fund manager Prakash Rajasekaran, referring to the comparatively late entry to the market, says: “To use a baseball analogy, we are in the second innings of a nine innings game, so we&#39re not too late.”


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