Consumer services strategy has helped to boost funds in the TMT global sector

To no one's surprise, funds in the TMT global sector have suffered terribly over the past three years, with all funds performing negatively. Those that fared better than others undertook a conservative philosophy and focused on TMT compa- nies which provided consumer services. The Seligman Global Technology portfolio was ranked in the fourth percentile relative to its peers over a three-year period. But its performance throughout this period has been varied. From July 2000 to May 2001, the portfolio dropped to the 35th percentile, then outperformed other TMT funds, reaching the fifth ...