The investment performance of technology companies is giving the mutual fund industry a healthy boost this year, providing unprecedented sales for technology funds as a sector and creating new product opportunities for fund companies.

Net sales of technology funds have risen from $490 million for all of 1998 to $17.8 billion year-to-date through Oct. 31, according to Financial Research Corp., a fund tracking and consulting firm in Boston. That 1999 total is approximately $7.4 billion greater than the net sales for the tech sector for the previous five years combined, according to FRC.

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