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TrackInsight: Notable outflows from Momentum ETFs

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06/30/2020 | 10:02am EDT

ETFs seeking to replicate momentum stocks indices experienced a sell-off over yesterday’s market session.

ETFs seeking to replicate momentum stocks indices experienced a sell-off over yesterday’s market session with -$33,32M, withdrawn from the segment. ETFs progressed +2,03% on the same day. This brought the 30-day cumulative performance just above 0 at +1,09%. Momentum investing is a strategy of getting exposure to securities that had high returns over a few months. While the global demand and trades are slowly increasing, the fear of a second wave with some countries containing the population again is real. Uncertainty and a much slower recovery than anticipated led investors to decrease their exposure to this kind of strategies. Year-to-date, ETFs are still down -10,66%. 12 funds tracking 9 indices are included in the segment for a total of $701M of assets under management.

Download the TrackInsight Global ETF Survey 2020.

 


© www.trackinsight.com 2020
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