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Energy Sector Funds Are Among Winners As Summer Approaches

by wealthmanagement.com posted 1year ago 413 views
<p>With all the major developed economies growing and many emerging markets posting good GDP numbers, flows into EPFR Global-tracked&nbsp;<strong>Sector Fund</strong>&nbsp;groups bypassed those with the most defensive reputations during the week ending May 10.&nbsp;<strong>Utilitie</strong>s,&nbsp;<strong>Telecoms</strong>&nbsp;and&nbsp;<strong>Gold Funds</strong>&nbsp;all recorded outflows while over $800 million flowed into&nbsp;<strong>Technology Sector Funds</strong>&nbsp;and&nbsp;<strong>Financial Sector Funds</strong>&nbsp;bounced back from the previous week&rsquo;s outflow.</p>