Some Tech Funds Sitting Out the Rally

Have your growth or tech-fund managers stuck to their guns? Their performance over the past 90 days should give you a hint.

Thanks to the Nasdaq's rally since its Sept. 21 bottom, tech and tech-heavy growth funds are bouncing after being in the cross hairs of a sagging economy and stock market. But a closer look shows that this rising tide is lifting some boats higher than others. Several growth funds that rode fat tech stakes to huge gains in 1999, including some Janus funds, have adopted a more diversified approach that has held them back during this surprising rally. ...