I believe the technology sector will make a strong recovery. There are several good reasons for this. First, company spending on technology continues to be healthy, supported by improving corporate profits. Second, consumer spending on electronics, computers and software continues to grow rapidly, especially as new must-have products such as LCD TVs appear on the shelves in the run up to Christmas. Third, spending on telecoms equipment is rising as companies such as BT invest in new networks with the aim of offering video and high-speed data.Many people believe the dollar is likely to strengthen against the pound, giving higher returns on US shares for UK investors. The trust I like best is SG technology, run by Alan Torry and Hugh Grieves. Torry’s performance in the last technology bull market was excellent and I expect him to repeat this. Around 70 per cent of the portfolio is held in the US, with the rest spread between a variety of countries. The top holdings include Cisco, Samsung, SAP Systems, EMC Genentec, Intel and Microsoft. In the year to August 8, the fund rose by 26 per cent. M&G global technology, managed by Aled Smith, is also an excellent fund.