Worst-Performing Funds of 2023 Are Drawing Huge Amounts of Cash
- Natural gas fund that fell 80% nearly doubled its assets
- ETFs betting against tech added cash on hopes rally would fade
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Add this to the long list of market surprises in the first quarter of 2023: The worst-performing exchange-traded funds still managed to attract massive amounts of cash.
US ETFs tracking the sinking natural gas market and ones making magnified bets against the again booming tech sector have, unsurprisingly, seen their prices tumble. Yet these funds ranked near the top of the leader board for inflows.