US Tech Mutual Funds See Up To 11% Decline Amid Nasdaq Selloff
· Business · Moneycontrol
Overseas mutual funds with exposure to US technology stocks have recorded significant losses, with some schemes falling by up to 11% over the past month. The downturn follows a broader selloff in the Nasdaq index, driven by cooling investor sentiment toward major AI-linked companies. Indian investors holding these international funds are seeing a direct impact on their portfolio valuations as global tech valuations correct. Fund managers note that the volatility stems from a shift in market expectations regarding the profitability of artificial intelligence investments. The decline highlights the risks associated with concentrated exposure to foreign technology sectors during periods of market instability.
Why it matters
Indian investors with exposure to US-focused tech mutual funds face immediate portfolio erosion, necessitating a review of their international asset allocation strategy.
Read the original report — Moneycontrol
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