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OppenheimerFunds Will Offer Technology Fund


OppenheimerFunds of New York is planning to offer a new technology fund.

The Oppenheimer Emerging Technologies Fund plans to invest 65 percent of its assets in technology-oriented companies, according to a registration statement filed with the SEC March 10. Companies in which the fund may invest include telecommunications firms, computer software companies and firms involved in e-commerce, according to the registration statement.

Bruce Bartlett, manager of the Oppenheimer Growth Fund, will manage Oppenheimer Emerging Technologies, according to the registration statement. The Growth Fund has a four-star overall rating from Morningstar of Chicago, the fund-tracking firm. The Growth Fund has $3 billion in assets, according to OppenheimerFunds.