“One sector ETF investors did not shy away from in Q1 was Technology sector focused funds, which saw a 2nd consecutive quarter of greater than $2.5bn of inflows. The opening days of Q2 have seen $350m in outflows, suggesting investors may be starting to rotate away from the sector,” according to Markit.
XLK includes companies from technology hardware, storage, and peripherals; software; diversified telecommunication services; communications equipment; semiconductors and semiconductor equipment; internet software and services; IT services; electronic equipment, instruments and components; and wireless telecommunication services.
For more news and strategy on the Technology market, visit our Technology category.
Tom Lydon’s clients own shares of QQQ, Apple, Facebook and Microsoft.