Read the text below in order to answer questions 31 to 35.
AN INTERVIEW WITH A FUND LEADER
Question: Do you invest in pure Internet companies only? Or, in other words, companies with a .com at the end of their name?
Chris Bell: No. We invest in three distinct market sectors and the percentage of the portfolio in each changes as our view alters. Currently, around 45% of the portfolio is in the shares of pure Internet companies. Last summer we had under 30% in this sector of the market. There was a big sell-off of pure Internet companies last summer because of concern about US interest rates. We saw the share prices of some of the bellwethers of the sector, such as Amazon.com, halving. Come September we thought the sell off had become too big and began to increase our weighting in this area of the market.
The second area we invest in is technology infrastructure. Our holdings include companies such as Cisco Systems, Intel and Oracle. These companies develop systems to speed up the functioning of the Internet and 45% of the portfolio is in this area of the market.
The other 10% of the portfolio is invested in Internet-related companies. This can be any company we feel will benefit from the growth of the Internet.
When the interviewee refers to "a big sell-off of pure Internet companies", he means that these companies
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