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The Big Screen: The Kings of the Tech Fund Trash Heap
This is the worst year ever for tech funds, so in a way it's the best time to look at them -- in part for morbid curiosity, in part to look for a buying opportunity.
| Screen Gems:High Returns, Low Fees and Steady Management |
| How To (Re)Build a Diversified Portfolio |
| A Sector-Fund Smorgasborg |
| Big-Cap Growth Funds |
| Mid-Cap Growth Funds |
| Big-Cap Value Funds |
| Mid-Cap Value and Small-Cap Value Funds |
Not long ago these mercurial types were the fund world's stars. Riding a crescendo of buying, the average tech fund rang up a 136% gain in 1999. It was the 15th-straight year that the average tech fund finished in the black and investors bought shares hand over fist. In 1999 and 2000, a cumulative $77 billion flowed into the funds, according to Boston fund consultancy Financial Research. For comparison, the previous two-year record for cash flows to tech funds was almost $7 billion set in 1995 and 1996. ...
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