While traders have said hedge funds could be bailing out on these stocks, the larger question is the extent to<br />which retail investors — given how vulnerable they can be to mood shifts in the market — will stick with them.<br />Compared with the $688 billion held in traditional mutual funds<br />and their faster-growing cousins — exchange-traded funds, or E. T.F.s, which trade on stock exchanges — that is a very small figure<br />Yet it has been this lack of an identifiable cause — a disappointing earnings result or a major<br />investor’s unloading stock, for example — that has been worrying some market specialists.<br />A Slump in Tech Stocks That Leaves Some Investors Mystified -<br />By LANDON THOMAS Jr. JUNE 12, 2017<br />The laws of gravity apparently apply to technology stocks after all.<br />The bell does not ring at a stock market peak, the note explained,<br />but there have been periods in recent history when investors, after riding a small group of stocks up to unexpected highs, have abandoned them en masse.<br />UBS was not the only major investment firm weighing in late last week about the heavy influence of these stocks in investor portfolios.<br />Hedge funds as an investor class, according to FactSet, hold just $58 billion in these stocks, which are collectively known by the acronym Faang.<br />In the last two trading days, Netflix has lost 8.9 percent while Apple has lost 6.3 percent.
