AXA bets tech stocks will rise in six months

AXA Investment is readying for a tech stock resurgence next year with the launch of an Asia ex-Japan tech fund.

AXA Investment will launch an Asia ex-Japan technology fund next month, punting on a rebound of tech stock values by mid-2000, driven by resurgent demand for computer components.

The fund will launch with a minimum of $30 million of AXA's own money, with the hope of reaching $100 million in six months. Targeted institutional investors in Europe and Asia will pay a management fee of 0.75% with a maximum front-end load of 2%.

Shao-ping Guan, AXA's regional...

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