Merrill Lynch began trading its latest tech fund last Friday, focusing on the telecoms and tech industry in emerging markets, with a seed capital of $5 million from the manager's own pockets. The fund is an addition to the company's $15 billion Mercury Selected Trust family, investing in sectors from semiconductor equipment and wireless telecommunications to electronic equipment and IT consulting and services.
Called MST Emerging Markets TeleTech Fund, it aims to invest in small to medium growth...