The world's biggest fund managers are dumping tech to an extent not seen since the financial crisis — here's what they're scooping up instead
Business Insider -

Healthcare is now fund managers' most overweight sector, according to Bank of America.

Fund allocation into tech is at its lowest levels since February 2009.

Investors are the least optimistic on tech stocks since the depths of the financial crisis, and are instead piling into another, safer, corner of the market — healthcare.

This month Bank of America surveyed 225 fund managers with $641 billion in assets under management, who said the most "crowded trade" is in tech stocks — particularly...


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