Major AI sector selloff and tech correction
Technology equities tumbled with Nasdaq dropping nearly 6%, marking its worst session since April 2025. AI-related stocks declined sharply, dragging the S&P 500 down significantly.
Funds in our coverage with Broadcom INC among their ten largest positions, with about £52.6B of those funds’ assets in it. FE fundinfo data, to 31 Oct 2026.
| 5Y | Volatility | Quartile | ||||||
|---|---|---|---|---|---|---|---|---|
| Global X FANG+ ETFGlobal X ETFs | Passive | 10.45% | +18.4% | Pro | Pro | 0.35% | n/a | Free account |
| Global X FANG+ (Currency Hedged) ETFGlobal X ETFs | Passive | 10.40% | +24.8% | Pro | Pro | 0.03% | n/a | Free account |
| Pacer Data and Digital Revolution ETFPacer Advisors | Passive | 9.44% | +52.9% | Pro | Pro | n/a | n/a | Free account |
| Amundi MSCI AC Asia Pacific Ex JapanAmundi | Passive | 8.82% | +29.3% | Pro | Pro | 0.60% | £552.1M | Free account |
| Invesco S&P World Information Technology ESG UCITS ETFInvesco | Passive | 8.48% | +26.1% | Pro | Pro | 0.18% | n/a | Free account |
| AMCAPCapital | Not classified | 8.22% | n/a | Pro | Pro | n/a | £72.5B | Free account |
| High TechUnion Investment | Active | 7.83% | +19.2% | Pro | Pro | 1.85% | £2.3B | Free account |
| US SELECT GrowthEdgewood L Select | Active | 7.40% | −14.8% | Pro | Pro | 1.92% | £1.2B | Free account |
| NYLI U.S. Large Cap R&D Leaders ETFIndex IQ | Passive | 7.30% | n/a | Pro | Pro | n/a | n/a | Free account |
| Invesco TechNology S&P US Select Sector UCITS ETFInvesco | Passive | 7.19% | +12.8% | Pro | Pro | 0.14% | £1.7B | Free account |
| Clean Energy TransitionPictet | Active | 7.06% | +11.6% | Pro | Pro | 1.09% | £4.7B | Free account |
| iShares Expanded Tech Sector ETFBlackRock | Passive | 6.94% | +36.1% | Pro | Pro | 0.48% | n/a | Free account |
| SecurityPictet | Active | 6.85% | +19.7% | Pro | Pro | 1.09% | £4.4B | Free account |
| iShares Semiconductor ETFBlackRock | Passive | 6.77% | +113.1% | Pro | Pro | 0.48% | n/a | Free account |
| iShares MSCI Global Semiconductors UCITS ETFBlackRock | Passive | 6.58% | +126.4% | Pro | Pro | 0.35% | n/a | Free account |
| iShares S&P 500 Information Technology Sector UCITS ETFBlackRock | Passive | 6.40% | +16.0% | Pro | Pro | 0.15% | £13.3B | Free account |
| State Street SPDR S&P U.S. Technology Select Sector UCITS ETFSPDR ETFs | Passive | 6.38% | +11.9% | Pro | Pro | 0.15% | £1.5B | Free account |
| World Technology FundBlackRock | Active | 6.36% | +13.6% | Pro | Pro | 1.81% | £14.7B | Free account |
| USA Growth (USD)UBS | Active | 6.34% | +0.1% | Pro | Pro | 0.59% | £2.8B | Free account |
| NYLI Winslow Large Cap Growth ETFIndex IQ | Passive | 6.29% | +9.4% | Pro | Pro | n/a | n/a | Free account |
| Xtrackers MSCI USA Information Technology UCITS ETFDWS | Passive | 6.27% | +33.8% | Pro | Pro | 0.12% | £1.5B | Free account |
| UBS MSCI USA Tech 125 Universal UCITS ETFUBS | Passive | 6.23% | +21.7% | Pro | Pro | 0.18% | £27.4M | Free account |
| VanEck Semiconductor UCITS ETFVanEck | Passive | 6.23% | +45.9% | Pro | Pro | 0.35% | £6.7B | Free account |
| US Large Cap Growth Equity FundT.Rowe Price | Active | 6.23% | −3.2% | Pro | Pro | 1.59% | £2.0B | Free account |
| Xtrackers MSCI World Information Technology UCITS ETFDWS | Passive | 6.07% | +11.9% | Pro | Pro | 0.25% | £3.8B | Free account |
| T. Rowe Price Blue Chip Growth ETFT.Rowe Price | Passive | 5.96% | n/a | Pro | Pro | n/a | n/a | Free account |
| First Trust Nasdaq Cybersecurity UCITS ETFFirst Trust | Passive | 5.90% | +22.7% | Pro | Pro | 0.60% | £1.2B | Free account |
| BNP Paribas BOND EUROPE CLIMATE CARBON OFFSET PLANBNP Paribas | Not classified | 5.84% | n/a | Pro | Pro | n/a | £16.1M | Free account |
| BNP Paribas BOND EUROPE CLIMATE CARBON OFFSET PLANBNP Paribas | Not classified | 5.84% | n/a | Pro | Pro | n/a | £16.1M | Free account |
| BNP Paribas BOND EUROPE CLIMATE CARBON OFFSET PLANBNP Paribas | Not classified | 5.84% | n/a | Pro | Pro | n/a | £16.1M | Free account |
| Franklin Technology FundFranklin Templeton | Active | 5.78% | +7.7% | Pro | Pro | 1.80% | £11.3B | Free account |
| T. Rowe Price Growth Stock ETFT.Rowe Price | Passive | 5.74% | n/a | Pro | Pro | n/a | n/a | Free account |
| Stonehage Fleming Global Best Ideas Equity FundStonehage Fleming | Active | 5.72% | −5.0% | Pro | Pro | 0.80% | £1.4B | Free account |
| Allianz Global Artificial IntelligenceAllianz Global Investors | Active | 5.64% | +26.8% | Pro | Pro | 1.10% | £6.6B | Free account |
| State Street SPDR MSCI World Technology UCITS ETFSPDR ETFs | Passive | 5.53% | +33.7% | Pro | Pro | 0.30% | £887.2M | Free account |
| T. Rowe Price Growth ETFT.Rowe Price | Passive | 5.50% | n/a | Pro | Pro | n/a | n/a | Free account |
| WisdomTree Defined Returns FundAtlantic House | Active | 5.46% | +7.9% | Pro | Pro | 0.63% | £2.8B | Free account |
| iShares Morningstar Growth ETFBlackRock | Passive | 5.33% | +14.0% | Pro | Pro | n/a | n/a | Free account |
| L&G Cyber Security UCITS ETFLegal & General | Passive | 5.32% | +46.3% | Pro | Pro | 0.69% | £2.0B | Free account |
| Capital Group Core Equity ETFCapital Advisors | Passive | 5.27% | n/a | Pro | Pro | n/a | n/a | Free account |
| US Large CapSchroders | Active | 5.23% | +4.0% | Pro | Pro | 0.83% | £7.1B | Free account |
| Vanguard Russell 1000 Growth ETFVanguard | Passive | 5.20% | +9.4% | Pro | Pro | 0.08% | n/a | Free account |
| American Growth PortfolioAllianceBernstein | Active | 5.16% | −1.6% | Pro | Pro | 0.70% | £6.7B | Free account |
| Defiance Connective Technologies ETFDefiance ETFs | Passive | 5.05% | n/a | Pro | Pro | n/a | n/a | Free account |
| CastleArk Large Growth ETFCastleArk | Passive | 5.03% | n/a | Pro | Pro | n/a | n/a | Free account |
| Brown Advisory US Sustainable Growth FundBrown Advisory | Active | 5.00% | +2.0% | Pro | Pro | 1.61% | £1.4B | Free account |
| iShares Future AI & Tech ETFBlackRock | Passive | 4.95% | +73.4% | Pro | Pro | n/a | n/a | Free account |
| WS Blue Whale Growth FundBlue Whale | Active | 4.90% | +12.6% | Pro | Pro | 0.80% | £2.9B | Free account |
| UBS BBG Commodity Index SF UCITS ETFUBS | Passive | 4.88% | +35.2% | Pro | Pro | 0.19% | £230.4M | Free account |
| iShares Global Tech ETFBlackRock | Passive | 4.81% | +46.0% | Pro | Pro | 0.48% | n/a | Free account |
Weight is the share of each fund in this company. Returns are GBP, to month end. FE quartile compares a fund with its FE sector over the same year. Fund size is in GBP. Source: FE fundinfo. Past performance is not a reliable guide to future returns.
Technology equities tumbled with Nasdaq dropping nearly 6%, marking its worst session since April 2025. AI-related stocks declined sharply, dragging the S&P 500 down significantly.
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The Nasdaq suffered its worst day since June as investors dumped technology and AI stocks. Advanced Micro Devices fell 11%, Nvidia dropped 4%, and Broadcom fell 5% amid AI sector scrutiny.
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The Bank of Canada increased its overnight rate by 25 basis points to 2.5%, the first rate hike since July 2023, citing persistent high oil prices and elevated inflation.
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Israel conducted parliamentary elections to the Knesset on October 27, 2026, which decided the future of Prime Minister Benjamin Netanyahu amid ongoing Middle East tensions.
Anthropic's IPO filing announcement revived enthusiasm for the artificial intelligence sector. Semiconductor makers rallied with the iShares Semiconductor ETF gaining nearly 3%.
Counts events recorded in our market events log, not news volume. Information only, not advice.
Source: FE fundinfo. Holdings are each fund’s ten largest positions as reported, so a fund can have more of this company than shown or none at all. Returns are GBP to month end unless stated. Past performance is not a reliable guide to future returns. Capital is at risk. Information only, not advice or a recommendation.
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