Hedge Fund News From HedgeCo.Net


Currents of Disruption: Tech Set for Disruption Amid Sector Shakeup

(Harvest) The creation of a new Communication Services sector could provide a further tailwind for tech stocks as generalist mutual funds gain a potential opportunity to allocate more capital to the space. After Sept. 28, technology stocks will be split between three industry sectors instead of the current two.
Alphabet, Facebook, Netflix, Disney, Activision Blizzard and Electronic Arts are among those set to join the new Communication Services sector.
Sector changes may create short-term volatility as ETFs reconfigure and long-term opportunities for managers of tech-centric and generalist mutual funds.

To read this article:

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Uncategorized, Syndicated. Bookmark the permalink.

Leave a Reply