“Sell in May” Theory Confirmed with $19B in Equity ETF Outflows
June 06, 2019 at 08:00 AM EDT
“Sell in May” saw investor capital go away from equity exchange-traded funds (ETFs) during that month. It was the largest monthly outflow in history for equity ETFs, which reached a record $19 billion, according to a State Street Global Advisors Report. With the outflows in equity ETFs,...