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The $160 Billion Frenzy for Speculative Tech Is Fading Fast

  • Funds that added $18 billion in January facing outflows in May
  • Cathie Wood’s products lead drawdowns as traders shun risk
Updated on

The $160 billion boom in thematic funds is fizzling out fast as investors pull back from Wall Street’s most speculative bets.

The breed of exchange-traded fund targeting niche investment ideas from sports betting to artificial intelligence is on pace for its first month of outflows in more than a year, according to data compiled by Bloomberg.