The tech wreck is still fresh in investors' minds,

Nasdaq 4000 redux not withstanding. The tech-heavy Nasdaq Composite is still off 22% from its March 10 high. But for those indexers keeping score at home, some technology barometers weathered those storms better than the Comp.


Pacific Exchange's PSE Technology index

is up 14% year to date. Since March 10, the index is down 10.3%. Both of those numbers compare favorably with the Nasdaq itself, says John Tuszynski, president and CEO of the $660 million


Principal Preservation PSE Tech 100 Index. The PSE Tech index held up during the bloodletting in part because the index includes only companies that are thought to be industry leaders in their technology subsectors and only those with at least a three-year track record as a public company. The upshot: It has only a smattering of dot-coms.

The index also has done well in good times for technology. Last year when technology was the craze, the Pacific index climbed 116%, compared with the 86% gain by the Comp and the 102% for the

Nasdaq 100


The difference in the performance is because PSE's index is price-weighted. The bigger a company's share price, the bigger portion of the index it makes up. The Nasdaq and its Nasdaq 100 index are market-weighted, so that bigger companies make up a larger portion.

For example,



, is No. 2 in the index at a share price of 119.75.


(MSFT) - Get Report

isn't even in this index's top 10, despite a market cap nearly four times larger than H-P's.

For that reason, the top 10 holdings in the Comp are responsible for about 40% of its weighting. By comparison, the PSE's top 10 constitute only about 20%.

Invesco Skippers Offer a Schmooze Cruise

In a bid to help investors reach the day when their ship comes in,


is inviting them out to sea.

The Denver-based fund company has booked a cruise ship from Sept. 3 to Sept. 7 for an investor cruise to Alaska and British Columbia. Along with glaciers and whales, the travelers will be exposed to seminars, workshops and tete-a-tetes with money managers. Portfolio manager Charlie Mayer and Chief Executive Mark Williamson will provide investment insight, with a special focus on international investing. And when they're done espousing diversification, Invesco will set shareholders loose in Alaskan ports of call at Ketchikan, Sitka and Juneau.

About 100 people came to last year's trip -- the first time the company set sail. Most were high net-worth shareholders of the firm, though a few unaffiliated investors also came along. Invesco expects more this year.

The idea isn't knew, a company spokesman says. Several other fund companies have locked up their investment specialists aboard a boat for a week to converse with would-be clients.

Invesco isn't exactly wining and dining these investment geeks. Before they dust off the Dramamine, they'll have to pony up the $999 investment for a cabin with no view. Should a peek of a glacier be desired, the price tag rises to $2,290.