Tech outflows biggest since 2015; investors pile into safer sectors - BAML

By on
Tech outflows biggest since 2015; investors pile into safer sectors - BAML

Outflows from funds.

Redemptions from technology stocks totalled US$1.5 billion in the past week, the biggest since February 2015, Bank of America Merrill Lynch said on Thursday, citing data from EPFR Global. The outflows from funds dedicated to tech shares came as a rout on Wall Street earlier this week wiped US$1 ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
bank of america merrill lynch benchmarking change

Most Read Articles

Telstra sets $65 a month as minimum spend to get 5G access

Telstra sets $65 a month as minimum spend to get 5G access
Woolworths pays record $1m fine for spamming customers

Woolworths pays record $1m fine for spamming customers
Siemens chases Telstra customers over alleged cracked software use

Siemens chases Telstra customers over alleged cracked software use
Australia Post to expand its network transformation

Australia Post to expand its network transformation
You must be a registered member of iTnews to post a comment.
| Register

Whitepapers from our sponsors

Get IT, finance and business on the same page
Get IT, finance and business on the same page
Why is DevSecOps important to your business?
Why is DevSecOps important to your business?
Architecting Hybrid IT & Edge for Digital Advantage
Architecting Hybrid IT & Edge for Digital Advantage
Organizations Increasing Their Adoption of NFV
Organizations Increasing Their Adoption of NFV
Modernise IT by Reducing Your Reliance on AD
Modernise IT by Reducing Your Reliance on AD

Events

Log In

Username / Email:
Password:
  |  Forgot your password?