TrackInsight: Strong outflows from Banks Large & Mid Cap Stocks

ETFs seeking to replicate Banks Large & Mid Cap Stocks indices experienced strong outflows from the primary market on yesterday’s market session with $-86,60M as well as a negative daily performance -0,15%. This brought the cumulated performance over the last 30 days to 2,65%. Over the same period, $-37,52M were withdrawn from the segment. Investors seem to be locking in profits. Year-to-date, ETFs included in the segment progressed on average by +26,38%. Investors have been constantly reducing their exposure to the segment with $-1,08Bn of cumulated outflows over the same period representing a third of total assets under management for the segment. 10 funds tracking 9 indices are included in the segment for a total of assets under management of $2,15Bn.