“The largest ETF fund inflow by sector last week was in utilities, new figures have shown. Results published by BlackRock showed that this area saw $140.4 million in the last seven days, while oil and gas experienced inflows of $100.7 million,” HedgeWeek Reports.
“At present, the assets invested in ETF funds are greater than the open interest in the sectors’ futures contract. BlackRock stated: “Year-to-date, Utilities have been the most popular sector with $150.1 million net new assets, followed by oil and gas with $114.8 million net inflows.” It revealed that the least popular ETF funds have been in the food and beverage sector, with year-to-date net outflows of $90.4 million,” HedgeWeek Reports.
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We have highlighted the Utilities Select Sector SPDR ETF (XLU):
|TOP 10 HOLDINGS ( 55.74% OF TOTAL ASSETS)|
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