Monday, December 16, 2013

United Internet Carries European Tech Performance

Over the last month, the information technology sector has been, on average, the best performing sector in the MSCI Europe index.

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Within the European tech sector, the internet software and services industry has been, on average, the best performer.

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The European information tech sector is somewhat small (by comparison with the US) with only 17 companies.  And, in the internet software and services industry, United Internet--one of only three German tech companies--is the sole constituent, carrying performance for the whole European tech sector.