June 18 (Reuters) – One of the world’s largest technology funds is set to ramp up its exposure to Nvidia (NVDA.O), opens new tab, which has become the world’s most valuable company following a blistering run in its shares.
The $72.34 billion Technology Select Sector SPDR Fund (XLK.P), opens new tab, managed by State Street Global Advisors, will buy some $10 billion shares of Nvidia while slashing its exposure to Apple, Matthew Bartolini, head of SPDR Americas research at State Street confirmed.
Source: REUTER
