Investors deployed fresh capital into global equity funds during the week ending July 1, seizing on a recent market pullback to increase exposure to technology stocks.
The inflows signal a belief that the sector's earnings momentum remains intact despite recent volatility.
Channel NewsAsia reported that the net inflows were driven by a conviction that technology earnings would hold up.
The buying activity comes as global equity markets staged a tentative recovery from a sharp sell-off that had gripped technology shares and broader indices earlier in the week.
The rebound offered a brief respite for investors, who appear to be viewing the dip as a buying opportunity rather than a sign of deeper structural weakness.
Channel NewsAsia reported that the net inflows were driven by a conviction that technology earnings would hold up.
This positioning suggests that market participants are differentiating between short-term price corrections and long-term growth prospects, particularly in the tech sector.