Investors Flee Largest Tech ETF at Fastest Pace in Two Decades
- Invesco’s QQQ loses $3.5 billion amid continued tech slump
- Others pile into triple-leveraged version in dip buying
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Investors are ditching the largest tech ETF at the fastest pace in 20 years.
The $122 billion Invesco QQQ Trust Series 1 (QQQ) exchange-traded fund suffered its biggest daily outflow since October 2000, losing almost $3.5 billion on Friday, according to data compiled by Bloomberg.