Who’s Fueling The Large-Cap Tech Bubble? It May Not Be Who You Think

No matter what’s happening in the macroeconomy, there’s one sector which just won’t get a clue. Large-cap tech continues to dominate the running of the bulls, and according to one hedge fund, active portfolio managers aren’t the ones driving the soaring valuations in the sector. So if passive funds are driving what can only be described as a large-cap tech bubble, what will happen if investment trends shift back in favor of active hedge funds? It won’t be a pretty picture, especially if another firm is correct in suggesting that the preference for passive funds will wind down soon. RBI…