Jul
10

ETF Investors Pick Riskier Financials Over the Safety of Utilities

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  • Investors moving away from defensive plays as rates increase
  •  Financials ‘are very cheap,’ according to market strategist

With interest rates on the rise, exchange-traded fund investors are increasingly embracing risk, pulling cash out of defensive utilities and piling into more volatile financials.

Traders yanked almost $330 million from the Utilities Select Sector SPDR Fund, or XLU, Monday after three straight weeks of inflows. Meanwhile, the Financial Select Sector SPDR Fund, known as XLF, saw $368 million of inflows after four consecutive weeks of outflows…

ETF Investors Pick Riskier Financials Over the Safety of Utilities

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Categories : Finance

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