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If asked whether financial or tech funds performed better in the past year, which would you pick? Many would choose tech – but they would have been wrong to do so.
The Investment Association (IA) collection of financials and financial innovation funds returned 33.6 per cent in sterling terms in the year to 6 December, slightly ahead of the technology and technology innovation sector, which rose 32.8 per cent. As the chart below shows, both sectors have performed particularly strongly in the past few months, especially after Donald Trump's success in the US presidential election.