woensdag 28 juni 2017

Investors Just Panic-Dumped "Growth" Stocks As ETF Outflows Hit Record High

After four months of almost incessant panic-buying of 'growth' stocks in passive ETFs, something unusual happened this weeek. US Growth ETFs saw their biggest outflows since inception. As Bloomberg notes, after beating the main U.S. equity gauge for most of the year, traders may be becoming nervous about the iShares Core S&P U.S. Growth exchange-traded fund. Earlier this week, investors pulled about $103 million from the ETF, the biggest single-day outflow since the fund’s inception in 2011...


That comes after a record month for attracting new assets in April. Though the growth ETF has gained 14 percent this year compared with the S&P 500 Index’s 8.9 percent gain, it fell 1.1 percent Tuesday, putting the ETF on pace for its biggest monthly decline since October...


Value beat Growth (so far) this month...