Proceed, tech. Wall Street has a new favourite industry, according to fund holdings information compiled by Bank of America Merrill Lynch: consumer optional.
The sector overtook tech as the most busy past month, the information reveals. Funds improved their relative weight (compared with the S&P 500) in customer optional slightly in February, while powerful selling of semiconductor stocks pushed tech to the lowest relative burden in 15 months, according to the holdings information. The information reported by Bank of America Merrill Lynch were of Feb. 22 and were compiled using FactSet Ownership Database amounts.
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