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Lipper: Science & Technology Funds Heat Up

TedTed
in The Bullpen
FYI: Funds in Thomson Reuters Lipper’s Science & Technology Funds peer group (including both mutual funds and ETFs) took in almost $1.7 billion of net new money (the group’s eleventh largest weekly net inflow in history) for the fund-flows week ended Wednesday, January 24. Last week’s net inflows brought to mind the tech bubble days as it was the largest one-week positive flow since the fund-flows week ended January 5, 2000 (+$1.8 billion that week). A better-than-anticipated earnings report from Netflix (one of the FAANG stocks) spurred the sector this past week. Shares of Netflix experienced a one-day gain of 9.98% on the strength of a Q4 earnings report that far exceeded expectations in regard to the number of new subscribers. Netflix stock closed at a record high of $250.29 per share that day, which drove the company over the $100-billion market-capitalization barrier for the first time.
Regards,
Ted
http://lipperalpha.financial.thomsonreuters.com/2018/01/science-technology-funds-heat-up/?elq=6d027589602a4355b59eec1dd7963b11&elqCampaignId=166&elqTrackId=4294553E6F7628B515EC542F8BF469AE&elqaid=19196&elqat=1&utm_campaign=00008DM_NewsletterLipperAlphaInsightFundInsightsWeekly_Other&utm_content=Newsletter_FundsWeekly_30Jan2018&utm_medium=newsletter&utm_source=lai
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