ETFs & Mutual Funds
BlackRock’s Model Portfolios Shift Billions Into Value Stocks
- Change drives $5 billion flow into value-, factor-based ETFs
- BlackRock’s model team is still overweight on US tech stocks
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The world’s biggest asset manager just triggered a $5 billion reshuffle in its lineup of quant-style ETFs as the resilience of the US economy boosts the outlook for value shares.
Roughly that amount moved to a pair of BlackRock Inc. funds on Thursday, one of which tracks cheap-looking stocks while the other rotates between different investment style factors, according to data compiled by Bloomberg. The churn reflects an adjustment to holdings in the firm’s model portfolios, a person familiar with allocations said.