Financial ETFs Could Be Gaining Momentum
This article was originally published on ETFTrends.com.
Bank stocks and financial sector exchange traded funds may continue to strengthen as strong fundamentals help support this market segment’s outlook. Year-to-date, the Financial Select Sector SPDR (NYSEArca: XLF) gained 1.2%, iShares U.S. Financials ETF (NYSEArca: IYF) added 1.4% and Vanguard Financials ETF (NYSEArca: VFH) rose 2.2%. Additionally, bank specific plays such as the SPDR [...]