Investors are hoping shares of small, domestic-focused companies have more room to run, even as the rebound in the broader market fizzles.
They have added a net $4.2 billion to U.S. mutual and exchange-traded funds that buy small-capitalization stocks this year, while pulling $17.4 billion from large-cap funds, according to data from Refinitiv Lipper through Feb. 22. Of the equity groups tracked by Refinitiv Lipper, the inflows to small-cap funds are second only to international stock funds, which have attracted $16 billion.
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