BlackRock Minimum Volatility ETF Has Bled Cash Every Day in 2021
- USMV sees $3.5 billion outflows in year’s first five weeks
- Previous disappointing performance, risk-on mood spurs losses
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Investors have minimized the love for BlackRock Inc.’s minimum volatility exchange-traded fund.
The firm’s $30 billion iShares MSCI USA Min Vol Factor ETF (USMV) is steadily bleeding cash, totaling $3.5 billion in losses so far this year, according to data compiled by Bloomberg. That’s on top of $4.6 billion pulled in 2020.