The Health Care stocks segment on TrackInsight suffered from $ 315 million of net outflows yesterday (Wednesday, July 15th). Withdrawals affected a single ETF, domiciled in the US, and exposed to the S&P Health Care Select Sector Total Return Index. The year-to-date cumulative performance of this segment has recently crossed into positive territory (+5,48%). In the meantime, the volatility of markets remains high, strengthening the profit-taking hypothesis behind yesterday’s outflows. Health Care stocks ETFs have been the center of investors’ attention over the last few weeks with the hope for the discovery of a vaccine against the coronavirus. They have poured $ 4,59 Bn of new assets in the 24 ETFs of this segment in 2020, bringing total assets under management to $ 42,46 Bn.
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