April’s exchange-traded-fund money trail highlights the wildly divergent performance between large stocks and their “momentum” counterparts as investors found renewed demand for value.
Investors pumped $3.1 billion into US stock ETFs classified as "value" last month, while $1.2 billion drained out of "growth" stock ETFs, according to data from BlackRock Inc.BLK -0.30%, the largest issuer of ETFs.
