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Loomis Sayles Jumps on Tech Bandwagon

Fund shop leverages the expertise of three international managers lured from Nicholas-Applegate by starting a global technology fund.

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Loomis, Sayles & Co.'s first single-sector fund comes right from the bandwagon.

Fresh off a year that closed with a record number of technology funds posting triple-digit returns, Loomis Sayles has launched a Global Technology fund. The company also announced that it has lowered the minimum retail and institutional investments for all its offerings except Loomis Sayles High Yield Fixed Income (LSHIX).

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Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.