Boston-based Loomis Sayles & Co. said this week that it will shut down its Global Technology Fund. As of Feb. 14, the company stopped selling shares in the product and a spokesman said the fund is expected to cease operations at the end of April.

The fund, one of 16 offered by the company, has weathered returns of –47.94% in the past year, according to the company’s Web site. It has posted returns of –35.60% since it was launched in January of 2000.

The product has a total of $2.5 million in assets.

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