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

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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 ...

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