Economics
Lost Decade for Value Stocks Tests Faithful Who Say End is Nigh
- ETFs have drawn $5.5 billion while others suffer outflows
- Style trailed growth investing in longest stretch on record
Is Risk Where the Opportunities Are in the Markets?
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Hopes are high again for buying low.
Exchange-traded funds that track value stocks, the ones trading cheapest to earnings and book value, have received $5.5 billion of fresh cash in 2016, data compiled by Bloomberg show. The inflows stand out in a market where money is being withdrawn from practically everything else. Growth stocks, enjoying the longest winning streak over value in history, have seen withdrawals of $6.2 billion.