Technology sector rising star of US ETF market

The US sector ETF market is experiencing a shift in flows towards technology, with the sector up 10%, says Dan Dolan, Select Sector SPDR Trust director of wealth management strategies. Over the last year, flows have largely gone into sectors such as healthcare and consumer staples. Now the flows are switching course into technology, materials and consumer discretionaries, says Dolan. "These are early cycle types of sectors - it's been a while since we've seen this. It may be a sign of the beginnings of market improvement," he says. From a sector flow perspective, the marke...