Small-cap exchange-traded funds (ETFs) have witnessed their largest weekly inflows since Bank of America began tracking the data in 2017.
According to a note shared Wednesday, this surge is predominantly fueled by retail investors, marking a significant shift in market dynamics.
Over the past 23 weeks, 22 have seen positive inflows, culminating in a record-breaking week that attracted over $3.5 billion into small-cap ETFs.
Data derived from Tradingview shows that the Pacer US Small Cap Cash Cows ETF (NYSE:CALF) has emerged as a frontrunner, drawing in over $3 billion in the last three months, closely followed by the Vanguard Small-Cap ETF (NYSE:VB) with $2.6 billion of inflows, of which $1.615 billion recorded in the last month alone.
Despite this record influx of funds, Bank of America highlights that small caps remain undervalued relative to ...Full story available on Benzinga.com
Related tickers: IJR, VB, VBK, VBR, SCHA, VTWO, SPSM, AVUV, CALF, DFAS.
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