TrackInsight: Strong outflows from US Information Technology Stocks

The US Information Technology Stocks segment experienced outflows as low as $ -399.3 million on Thursday, but recorded positive returns of +2.37% amid investors’ hope of a trade peace between US and China during the G20 in two weeks. The segment has suffered together with the whole US market in the last period, with a 1-month performance of -5.31% and cumulative flows standing at $ -842.2 million, but the outlook on a Year-to-Date basis looks brighter as both returns and cumulative flows are positive, at +10.5% and $ 2.3 billion, respectively. 9 ETFs and 9 indices are included in the US Information Technology Stocks segment, for a total of $ 26.9 billion of AuM.