“So what they’re saying is, ‘Hey, you don’t have to get rid of your beta. Keep your beta ... funds and endowments that had piled into the levered trades. Still, AQR says it has found ...

(Bloomberg) -- ETF investors exited bullish bets on semiconductors last week, just before the sector staged one of its sharpest one-day rebounds in months as Wall Street cheers a US-China trade truce.