FYI: U.S. investors who entrusted $40 billion to stock-picking computers are having some pretty lousy luck.
Several multi-billion-dollar exchange-traded funds that are billed for their low volatility have been anything but in recent days after rebalancing into a record amount of technology shares. Suddenly, they’re cauldrons of turbulence after a three-week span in which computer and Internet stocks went from the market’s standard-bearers to its worst performers.
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-06-30/technology-selloff-couldn-t-come-at-a-worse-time-for-these-funds
