|End-of-day quote - 11/25|
TrackInsight: Surge of inflows into US Information Technology Stocks
|12/03/2019 | 10:15am|
ETFs seeking to track US information Technology stocks indices experienced a surge of inflows.
Despite a negative performance of -1,63%, ETFs seeking to track US information Technology stocks indices experienced a surge of inflows with $+248,60M of new shares created from the primary market. This is the third consecutive days of record inflows. Surveys, forecasts and analysts have been pointing a strong holiday shopping season. Shoppers spent big despite weaker global outlook. Optimism also came from increasing expectations that the U.S and China will reach a phase one trade deal easing tensions on information technology companies. Therefore, investors are more confident getting exposure to the segment with nearly a billion of new shares over the last 30 days, $+925M. Year-to-date, ETFs included in the segment progressed on average by an impressive ++40,51%. 8 funds tracking 8 indices are included for a total of $29,55Bn of assets under management.