Big tech bets and cryptocurrencies power 2020's top US funds
Toggle share menu
Advertisement
Big tech bets and cryptocurrencies power 2020's top US funds
Outsized bets on large U.S. technology companies and emerging cryptocurrencies fueled the year's top-performing U.S. mutual fund and exchange-traded funds as the coronavirus pandemic upended global markets, while funds that bet on oil and gas companies fell nearly 100per cent, according to data from fund-tracker Morningstar.
FILE PHOTO: Representations of the Ethereum virtual currency standing on the PC motherboard are seen in this illustration picture, February 3, 2018. REUTERS/Dado Ruvic/Illustration/File Photo
28 Dec 2020 02:10PM