At the beginning of last year there was unbridled enthusiasm for the sexy TMT sector and many first-time investors came late to the market. But things turned out a little differently than expected and almost all major international markets experienced a downward trend in 2000.
Goodbody stockbrokers believes the excesses of exuberance and pessimism are unlikely to be repeated this year and is advocating a back-to basics approach. In its January issue of The Investor it recommends an emphasis on diversification of funds among established players with a strong track record, leadership in their respective markets, quality management and a coherent strategy for future growth. For those still nursing their wounds from last year, here is run down of the performance of the best and worst global sectors in 2000, published by Goodbody.
Healthcare 43 per cent
Insurance 32 per cent
Food Products 24 per cent
Software -52 per cent
Telecoms -37 per cent
IT Hardware -30 per cent
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