In the Margins

Top tech ETF draws $616m in single day

March 9, 2018

By InvestmentNews

Investors poured cash into the $21 billion Technology Select Sector SPDR Fund, the largest exchange-traded fund globally tracking stocks of technology companies. Known by its ticker XLK, the fund has been a go-to bet for buyers looking for cheap and broad tech exposure, charging a low expense ratio of 13 basis points. The fund saw almost $616 million in inflows on Thursday, the most since December 2011, according to data compiled by Bloomberg. Read the original story from InvestmentNews.

 

 

Most Read

Top of the Agenda - Industry Groups
MFDF's Susan Wyderko to retire in 2020

Susan Wyderko will retire from her position as president and CEO of Mutual Fund Directors Forum in the fall of 2020. When she steps down next ...