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ETF Investors Are Shifting Out of Growth and Into Value
The ongoing rotation into value stocks has not abated as exchange traded fund investors continue to trim exposure from the growth style. Looking at latest GTS Mischler Financial Group data for the week ended April 5, the Invesco QQQ Trust (NASDAQ: QQQ) , which tracks the technology heavy Nasdaq-100, suffered $3.7 billion in net outflows, ARK Innovation ETF (NYSEArca: ARKK) saw $682 million in net outflows, and iShares MSCI EAFE Growth Index (NYSEArca: EFG) experienced $636 million in net outflows.
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