Nov
17
Investors Just Flooded Into Financials at the Fastest Weekly Pace Ever
ByNearly $5 billion in inflows to the most popular financial ETF.
In the week following the election, the Financial Select Sector SPDR exchange-traded fund amassed $4.9 billion of inflows — a record, and more than it accumulated in the past three years.
Source: Bloomberg
This ETF has stakes in major U.S. financial institutions, including banking behemoths like JPMorgan Chase & Co. and Citigroup Inc…
Investors Just Flooded Into Financials at the Fastest Weekly Pace Ever