FYI: The health-care sector is slipping, while energy is soaring. Somebody tell exchange-traded fund investors.
More than $3 billion flowed out of ETFs tracking the energy sector in January, the largest monthly outflow since at least 2012, data compiled by Bloomberg Intelligence show -- even as energy stocks started off the year with an 11 percent surge. Meanwhile, health care, which blew out the competition last year, was the second-worst performing sector in January. Still, investors poured $337 million into health-care funds, making it number two for inflows so far.
Regards,
Ted
https://www.bloomberg.com/news/articles/2019-02-01/etf-investors-just-can-t-stop-following-last-year-s-trends?srnd=etfs
