INVESCO LTD

14 Aug

Dip Buyers Plow Record Cash Into Megacap Fund Dominated by Tech

stp2y0 CommentsRAG modelsAPPLE INC, artificial intelligence, ETF, Interest Rates, INVESCO LTD, Markets, META PLATFORMS INC-CLASS A, NVIDIA CORP, PLOW, S&P 500 INDEX, stocks, Technology

Investors are back lavishing millions onto megacaps as the high-flying tech stocks resume their climb, shrugging off the vestiges of last week’s market meltdown.Traders poured a net $210 million into the Invesco S&P 500 Top 50 ETF (ticker XLG) on Monday, the biggest one-day influx in the fund’s nearly 20-year history, data compiled by Bloomberg show. The record inflow — and fourth straight one — pushed the ETF’s assets up by 4% to $5.3 billion, with nearly half of that attracted in the past year alone. Source link lol

09 Aug

AI Stock Rout Has Investors in Asia Mapping Out Next Catalyst

stp2y0 CommentsRAG modelsartificial intelligence, Asia, Earnings, INVESCO LTD, JULY SARL/CAEN, Markets, MORGAN STANLEY, SAMSUNG ELECTRONICS CO LTD, SK HYNIX INC, stocks, TAIWAN SEMICONDUCTOR MANUFAC, Technology

Debate is raging on whether the AI rally has run its course but for some investors, another drawdown may be a chance to buy.Money managers in Asia are on the hunt for their next purchase even after the region’s tech stocks recorded their steepest ever two-day drop this week, reflecting an unwavering confidence in a trade that has underpinned the upturn in global equities. Taiwan Semiconductor Manufacturing Co., Samsung Electronics Co. and SK Hynix Inc. are still attractive bets given the long-term prospects for AI remain undimmed, they say. Source link lol