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View the article online at http://citywire.co.uk/wealth-manager/article/a734492

Is big tech past its peak?

by James Phillipps on Feb 17, 2014 at 10:10

But while Hohaus believes many of the tech old guard are no longer attractive from a growth perspective, he is finding plenty of opportunities in the sector. He points to the trend of machine-to-machine data exchanges as a high growth area, highlighting ARM, Littelfuse, Siler Spring and Nordic Semiconductor.

He is also backing cloud computing software demand through Service Now, digital advertising growth through Pandora, and robotics, where he favours Kiva, which carries out Amazon’s stock fulfilment.

The LO Funds – Technology fund has returned 44.3% over three years in dollar terms, ranking it 8/113 in the Citywire Equity - Technology sector. 

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1 comment so far. Why not have your say?

Micawber

Feb 17, 2014 at 10:56

To read the headline you might think that the tech sector as a whole was declining, or even 75% of the companies in it. However, I take it that this is the MS tech 35 index of just the largest 35 technology companies? And you state that it is the top 75% by market cap in the index which is the object of revisionary thinking.....

While several of the behemoths by market cap may well be growing sclerotic, there are very many smaller companies and that is where much innovation is going on. I note that the smarter investment trusts dealing in the tech sector have gone for smaller and mid-cap tech companies rather than the huge, mature companies.

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