- European ETFs continued to take in money in Q1
- But is the bond yield trade over?
The opening months of 2024 extended a key message of the previous year: don't bet against big tech. That's evidenced enough by shares such as Nvidia (US:NVDA) continuing to soar ahead, with the funds and trusts backing artificial intelligence (AI) plays most heavily, such as Manchester & London Investment Trust (MNL), racking up their own hefty gains. Similar trends can be seen on a market level: the S&P 500 made a double-digit return in the first quarter of this year, putting it ahead of mainstream indices in Europe, the UK and Asia.