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
Last week saw largest weekly inflow EVER into US growth/tech funds... $NVDA $MSFT $META $AMD $SMCI $GOOG May want to take some profits in these names https://t.co/kuMjCunAff
$8.7 billion into tech equity funds, largest weekly inflow on record according to BofA data. https://t.co/8fCjAkea1L
'A record $8.7 billion flowed into tech funds in the week through June 19.' https://t.co/eX3YWc97sV https://t.co/ddy6ErPw30
BofA: Tech stocks see largest-ever weekly inflow of $8.7 billion
AI frenzy shows no signs of abating. It drove a record $8.7 billion inflows into tech funds in the week through June 19 as “all roads lead to Nvidia,” according to BofA https://t.co/A1RoQCmc8z
Largest weekly inflow ever to US growth funds https://t.co/IDIXdGIwnn
Largest weekly inflow ever to tech funds https://t.co/u3DgMbFPo7
Investors poured record amounts of money into tech funds over the past week, at $8.7 billion: BofA, EPFR. “The ‘all roads lead to Nvidia’ trade is once again bolstered” as Europe falters amid the political turmoil in France. https://t.co/OeDzjJfoOy https://t.co/B3KTLBhhm1
#TECH FUNDS SEE RECORD WEEKLY INFLOW AT $8.7 BLN; 🇨🇳 #CHINA FUNDS SEE THE LARGEST TWO-WEEK INFLOW SINCE FEBRUARY AT $3.3 BLN - BOFA.
[RTRS] - TECH FUNDS SEE RECORD WEEKLY INFLOW AT $8.7 BLN - BOFA [RTRS] - US GROWTH FUNDS SEE RECORD WEEKLY INFLOW AT $11.9 BLN - BOFA
TECH FUNDS SEE RECORD WEEKLY INFLOW AT $8.7 BLN; CHINA FUNDS SEE THE LARGEST TWO-WEEK INFLOW SINCE FEBRUARY AT $3.3 BLN - BOFA.