The tech funds that jumped highest over the past week are those with the biggest bets on the currently bouncing chip and dot-com sectors. It's telling that this list doesn't just include oddball funds that make titanic bets on a thin sliver of the tech sector, like the Internet Ultra Sector fund, the Jacob Internet fund or the Amerindo Internet B2B fund. Returns through April 11. Beyond funds with tech labels, many closet tech funds have shared in this week's embarrassment of riches. Returns through April 11.
Portfolio holdings through most recent portfolio report.
These funds' sudden gains, like their vast losses, confirm their volatility. Still, they'll no doubt buoy the spirits of their shareholders. Some are reading chip-stock gains as a sign that the Nasdaq is coming back to life. Generally chip stocks are the first to go down and the first to come back. The question that's unanswered is whether this really is sustainable or just another blip.