Australian investors have capitalised on the exodus from Wall Street last month by snapping up beaten-down US stocks – a brave bet that paid off after a historic run for the S&P 500 Index at the start of the month.
Exchange-traded fund provider Global X said its US 100 ETF which tracks Wall Street’s largest companies, skewing it towards the technology sector, boasted a record month in April after attracting $26 million in net flows.
