ETF Select 100 March update: Tech and financials slump while bond ETFs rally

March roundup of ETF performance

Technology ETFs were among the worst-performing funds in Selftrade's ETF Select 100 list during March, amid reports Facebook had misused 87 million users' data while President Donald Trump singled Amazon out for not paying enough taxes.

According to data from Selftrade and ITI Group, the PowerShares EQQQ Nasdaq 100 UCITS ETF was the worst performing ETF, falling 6.3% over the month, while the Source Technology S&P US Select Sector UCITS ETF and iShares NASDAQ 100 UCITS ETF dropped 6% and 4.6% respectively. The performance was largely driven by the Facebook data scandal, as it emerged the social media giant sold the personal information of 87 million users to data firm Cambridge Analytica on 19 March, causing the stock to fall 10.4%. Furthermore, Trump's comments on Twitter that Amazon use the US's postal system and p...