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Technology and US growth funds experienced record weekly inflows, according to data from Bank of America (BofA) and EPFR. Tech funds saw an inflow of $8.7 billion in the week through June 19, driven by the ongoing AI frenzy and significant investments in companies like Nvidia. US growth funds also saw a record inflow of $11.9 billion. Additionally, China funds experienced their largest two-week inflow since February, totaling $3.3 billion. The surge in tech fund investments highlights the continued strong interest in the sector, despite political turmoil in Europe affecting other markets.
On the surface, technology-focused stock funds just enjoyed a week of record inflows. A look under the hood, however, showed almost all the money went into a single fund — and it had little to do with the industry’s fundamentals. https://t.co/oSo5NkvR8Z
On the surface, technology-focused stock funds just enjoyed a week of record inflows. A look under the hood, however, showed almost all the money went into a single fund — and it had little to do with the industry’s fundamentals. https://t.co/S7lslJmzhY
US technology funds saw a $9 billion inflow last week, the largest weekly inflow ever recorded. The previous record was posted in Q1 2023 and amounted to ~$8.5 billion. According to Bank of American, Long Magnificent 7 has been the most crowded trade for 15 consecutive months.… https://t.co/W456merMWe
