ETF flows in July point to a more balanced stock-market rally as mid- and small-cap funds start to outperform first-half winners
August 03, 2023 at 13:53 PM EDT
U.S. exchange-traded funds had their second strongest month of inflows for the year in July as a once-concentrated stock-market rally continued to even out, while investors climbed down the market-cap ladder as mid- and small-cap funds started to lead the charge.
