TrackInsight: Large outflows from Financials ETFs

The Financials Large & Mid cap stocks segment on TrackInsight ended last week on a negative note with massive outflows of close to $ 600 million. This is the biggest withdrawal recorded on the primary market for this segment since March 16^th, when the biggest economies imposed lockdowns, putting the global economy on pause. Since then, the 24 ETFs exposed to financial stocks indices recovered and jumped by almost 15% from their year-to-date low. Despite this rebound, the segment is still down by -27% so far in 2020, prompting investors to remain cautious. Overall since the start of the year, this segment has lost one-third of its total assets under management, under the impact of both negative returns and investors outflows. The segment’s AUM now stands at $ 19,3 Bn.