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Health-Fund Outflows Hit $8.6 Billion Despite Biotech Rally

TedTed
in Fund Discussions
FYI: The investor exodus from health-care and biotech funds continued for another week, pushing this year’s total net outflow to $8.6 billion even as biotech stocks capped their first monthly gain since June, according to Piper Jaffray.

In the past 11 weeks alone, investors have pulled $3.3 billion out of health-care and biotech funds, according to Piper analyst Christopher Raymond, who cited an analysis of data from Lipper/AMG Data Services. “When will this end?” he wrote in a note to clients.
Regards,
Ted
https://www.bloomberg.com//news/articles/2019-11-01/health-fund-outflows-reach-8-6-billion-despite-biotech-rebound?srnd=markets-vp

Comments

  • BenWPBenWP
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