10 Questions With Aim Funds' Abel Garcia
Whether you own a lot of tech or you're looking to go bargain-hunting in the sagging sector, now is probably a good time to hear what Abel Garcia has to say. He's been through rough waters before.
Garcia is one of the tech-fund category's few graybeards. In April, he joined AIM Funds where he co-manages the broker-sold (GTTCX Quote)AIM Global Telecommunications and Technology fund and the young AIM New Technology fund, but before that he ran the (UNSCX Quote)Waddell & Reed Advisor Science & Technology fund for 16 years with solid results. For a little perspective, consider that the average tech-fund manager has a two-year tenure and 70% of the 115 tech funds out there don't have three-year records yet.
Despite the current bleeding in the tech sector -- the average tech fund lost more than 27% in November -- he still likes networking stocks like Ciena(CIEN Quote) and he's bullish on business-to-business software shops that help businesses transact on the Web, like Ariba(ARBA Quote). ...
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