You are here

Hopes are high again for buying low

ETFs that track value stocks get US$5.5b in fresh funds but it's too early to declare victory asĀ forces underpinning lower returns are still in place

"Money will go to the Facebooks, the Amazons, the Googles, because no matter what happens to the economy, they're going to continue to grow at a rapid pace," says David Chalupnik, head of equities at Nuveen Asset Management.

New York

EXCHANGE-TRADED funds that track value stocks, the ones trading cheapest to earnings and book value, have received US$5.5 billion of fresh cash in 2016, data compiled by Bloomberg shows. The inflows stand out in a market where money is being withdrawn from practically everything...