Technology focused funds dominate investors interests in June

Nvidia most bought stock on platform

clock • 2 min read

UK investors stepped up their investments in technology-focused strategies and equities in June, according to interactive investor's monthly platform data.

Kyle Caldwell, funds and investment education editor, said the latest comeback in technology was bolstered by the growing excitement around the potential of artificial intelligence, which last month saw Nvidia become the world's most valuable company, overtaking Microsoft. Victoria Scholar, head of investment, noted that Nvidia's popularity came as the stock's selloff in the period which saw its shares land in correction territory - when a stock declines more than 10% or greater in the price.  As a result of extensive investments in the AI sphere, on the side of investment vehicles, t...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Platforms

Technology focused funds dominate investors interests in June

Technology focused funds dominate investors interests in June

Nvidia most bought stock on platform

clock 03 July 2024 • 2 min read
abrdn reduces platform fees and simplifies charging structure

abrdn reduces platform fees and simplifies charging structure

Follows platform upgrade last year

Isabel Baxter
clock 20 May 2024 • 1 min read
AJ Bell hits record platform £80.3bn AUA boosted by £1.6bn inflows

AJ Bell hits record platform £80.3bn AUA boosted by £1.6bn inflows

Over 3% growth from market movements

Cristian Angeloni
clock 18 April 2024 • 2 min read
Trustpilot