Exchange-traded funds (ETFs) focused on growth equities – characterized by robust revenue growth, high valuations, and strong potential for innovation – experienced elevated inflows in June.
This surge in interest towards growth-linked funds coincided with a significant outperformance of growth over value stocks, reflecting increased investor confidence in the tech sector and disruptive innovations like artificial intelligence.
The eight largest growth-linked ETFs by assets under management (AUM) collectively experienced a substantial $12.2 billion in inflows from the beginning of the month through June 24.
Leading the pack, the Vanguard Growth ETF (NYSE:VUG) saw the highest monthly inflows among its peers, attracting an impressive $5.68 billion. This ...Full story available on Benzinga.com
Related tickers: IVV, IVW, IWF, MGK, VBK, VTV, VUG, AAPL, NVDA, SCHG, VONG, SPYG, IUSG.
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