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TrackInsight: Financial All Caps Stocks perform poorly

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08/13/2019 | 10:15am EDT

ETFs related to Financials Stocks experienced a negative performance on Monday, August 12th on average.

ETFs related to Financials Stocks experienced a negative performance on Monday, August 12th of -1,54% on average. As the stocks market is actually tumbling, financials stocks are in general the first to suffer from a poor environment, and 2019 is no exception to the rule. Indeed, over a one-month period, financials stocks lost 3,97% on average, despite an overall gain in 2019 of +14,69%. The environment of low yields on government bond is hurting banks’ profits, which mechanically pull the stocks prices lower. 17 ETFs are tracking 13 indices related to Financial Stocks, and they gather a total of $12,43Bn of assets under management.


© www.trackinsight.com 2019
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