Fund of the week: Tech stocks finally deliver

With low pensions liabilities and net cash on the balance sheet, the tech sector is coming good.

As fund management jobs go, "I have a very hard one to be honest", says Nick Evans, manager of the Polar Capital Global Technology Fund. He has to convince investors there is still money to be made in technology, "eight to nine years after people got badly burnt".

But his job might be getting easier investors seem to have finally got the message. Assets under management have gone from $20m in February to $105m, during which time the fund has returned 63.71%. Over the same period, the FTSE All-World is up 46.4%. Can the outperformance continue?

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Apple3.5
Google3.4
Microsoft3.0
Qualcomm2.8
Cisco Systems2.8
Oracle1.8
Samsung Electronics1.6
Intel1.6
Cognizant Technology Solutions1.6
Analog Devices1.6
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