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 technology and telecom analyst, says the current slumpĀ in tech stocks is a prolonged mid-cycle correction caused by investors adjusting their expectation of demand for products in the sector.

I don't think the semiconductor...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222