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Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, observes that the technology sector has seen unprecedented fund inflows in July, outpacing other market sectors.
According to Balchunas, July has already posted an all-time monthly record for inflows, marking the third consecutive month of such a record. He notes that this surge is mainly attributed to investors buying the dip in semiconductor stocks.
Balchunas has previously reported on major ETF industry developments, such as the end of Invesco’s 27-year control over the Nasdaq index. In another recent analysis, he questioned Jeremy Grantham’s credibility on skepticism regarding bitcoin due to a history of inaccurate forecasts. These earlier commentaries reflect Balchunas’s ongoing focus on notable market events and investor sentiment.