Why Now Is the Time to Dive Into Tech Stocks
Investors have sold technology stocks in droves. Scooping up some of those shares now might be a good move for those looking beyond the immediate term.
Institutional investors haven’t held such a small position in technology in more than a decade. According to a February survey of fund managers by Bank of America, the share of mutual funds and hedge funds that are underweight tech outstripped the percentage that were overweight by 10 percentage points. It was the lowest allocation to tech from survey respondents since August…