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The Daily Screen: Tech and Telecom Funds With Tenured Managers
There might be a lot of tech and telecom sector fund managers out there, but few of these funds or managers have been around long.
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On the heels of record returns -- the average tech fund rang up a 135% return last year -- and inflows, fund companies tripped over one another to roll out new tech and telecommunications or communications funds. Today, there are more than 140 tech or telecom funds out there, but the vast majority are less than three years old. Usually the Daily Screen sifts category leaders using performance yardsticks, but this week we're adding portfolio management criteria, too. ...
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