Reported 7 months ago
The meme stock frenzy, led by GameStop and other meme stocks, has not spilled over to fund investors who are staying away from the risky YOLO trading enthusiasm. Theme funds are losing investor favor, with meme stock ETFs seeing significant net outflows of $80 billion compared to their peak. GameStop, amidst declining revenues and plans to sell shares, faced steep drops in its stock price following lackluster performances and decreasing interest from investors. The once popular theme funds, driven by low interest rates and surging growth stocks in 2021, have now significantly lost assets, with meme-related ETFs struggling to attract investors, indicating a decline in theme fund popularity despite strong overall fund inflows in 2021.
Source: YAHOO