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BW Businessworld Big Tech Bets And Cryptocurrencies Power 2020 s Top US Funds The fund s gains came during a retail-investor led rally in cryptocurrencies that pushed total assets invested in crypto funds to a record $15 billion, up from $2.57 billion at the end of 2019, according to digital asset manager CoinShares. Photo Credit : 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 100%, according to data from fund-tracker Morningstar. The year was a challenge like few others for the $21.3 trillion mutual fund and $4.4 trillion ETF industry. U.S. stocks plunged in March before staging a more than 60% comeback, while bond yields hung near record lows for much of the year after unprecedented moves by the Federal Reserve to backstop the financial markets and keep interes

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