Monday, June 11, 2018

Those Hot Tech Funds

Where are people investing these days? Technology funds just closed out one of their biggest weeks ever in inflows. According to Bank of America Merrill Lynch, tech funds saw $2.3 billion inflows this week, its second-highest weekly inflows ever.

Tech funds have taken in $17.3 billion so far this year, according to Bank of America analysts. That puts the sector on track for a record year in inflows. 

The other hot investing option? Money market funds, which pulled in nearly $34.9 billion during the seven days through June 6, according to Lipper. One big reason for that: Money fund yields averaged 1.41 percent at the end of May, up from just 0.49 percent a year ago.

No comments:

Post a Comment