ETFs seeking to replicate financials stocks indices experienced a surge of inflows over yesterday’s market session with +$1,2Bn of new shares from the primary market. This was the fourth consecutive session with investors increasing their exposure to the segment, even though it sled by -3,39%. Year-to-date, the segment had reached a 40% drawdown as of March 23rd, but it rebounded over the past month and its cumulative performance in 2020 now stands at -26,34%. Investors have been re-entering the segment as they might have been reassured by the FED expecting a “robust” economic rebound with businesses reopening as early as May. The Financial Stocks segment gathers 24 ETFs and represents a total of $19,9Bn of assets under management.