Traders are offloading sector-specific funds at the fastest pace on record as the looming bear market seemingly spares no corner of the equity market.
Roughly $11.9 billion has been pulled from sector exchange-traded funds so far in May, putting the category on track for the biggest monthly drawdown on record, Bloomberg Intelligence data show. That’s the first time those ETFs have posted net outflows since September 2020.
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May 24, 2022 at 11:18PM
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'No Door Out' of Whiplash Markets Sees Billions Exit Sector ETFs - Bloomberg
"Exit" - Google News
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