Inflows Into Tech ETFs Hit Record Thanks To Amazon And AppleRupert Hargreaves
The success of Apple, Amazon, Alphabet, and Facebook has inspired investors to funnel billions of dollars into tech funds this year putting tech funds on track to be the most popular asset class, as calculated regarding a percentage of assets under management for 2017. These figures come from Bank of America’s latest Flow Show report, which reveals that year-to-date inflows into tech funds are on track to hit a record 18% of assets under management for the year, with tech ETFs the hot among fund vehicles.
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