Investors Are Cutting Back on Financial ETF Exposure
This article was originally published on ETFTrends.com.
Financial sector-related ETFs have been slowly going out of favor as some investors grow concerned over the outlook for bank earnings. For example, the Financial Select Sector SPDR (NYSEArca: XLF) has experienced $928.8 million in outflows since the start of the second quarter. The average U.S.-based fund has diminished its stake to financial companies by [...]