Meta Plunge Lures Value Buyers as Growth Funds Flee
Collectors of shares of value companies Dodge & Cox, First Eagle
Investment Management and Artisan Partners bought millions of Meta shares this year.
Investors watching the index will also be buying today:
After the annual review of FTSE Russell stock indices,
Meta joined other former Netflix Inc. growth
enthusiasts on Monday. and PayPal Holdings Inc.
in business value indices, which serve as the basis
for billions of dollars in passive portfolios.