The US Technology Stocks segment experienced a positive daily performance on Tuesday (+1.35%) bringing the month-to-date performance to (-0.88%) after hitting (-3.63%) on Monday the 13th. Despite this rebound in performance, €1Bn has been drawn out from the primary market in the last two trading sessions. Indeed, US technology stocks is the segment that suffer from the most outflows compared to its peers given the fact it seems more sensitive to US-China trade talks.
Since the beginning of the year, US technology stocks progressed on average by +22.54%. The 54 funds replicating 27 indices suffer from negative YTD cumulated flows and represent a total of €103.4Bn of assets under management.