Markets
Optimistic investors plough money into US tech stocks amid concern over small cap firms
A global fund manager survey showed the allocation to tech companies is the highest since 2020
Investors are going “all in” on US technology stocks as they turn the most optimistic about global growth in two years, according to a survey by Bank of America.
However, concerns are rising about struggling smaller companies listed on global exchanges.
Allocation to tech companies, including the “Magnificent 7” - Apple, Alphabet, Microsoft, Amazon, Meta, Tesla and Nvidia - is at the highest since August 2020, the global survey of fund managers showed. The 7 ...