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TrackInsight: Financials Large & Mid Cap Stocks suffer from notable outflows

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08/07/2019 | 11:45am EDT

Despite a rebound on Tuesday, August 6th, ETFs related to the TrackInsight segment of Financials Large & Mid Cap Stocks experienced significant outflows.

Despite a rebound of +1,32% on average during Tuesday, August 6th, ETFs related to the TrackInsight segment of Financials Large & Mid Cap Stocks experienced significant outflows on the primary market of $-866M. Investors seem to be less attracted by these ETFs, since they redeemed more than $1,2Bn of shares on this segment since the 30th of July. Over the same period, the performance of financial stocks dropped from +20,01% year-to-date to +14,30% as of the 6th of August. We could argue that the turbulences which experienced the stocks market over the last week is the main reason of the outflows experienced by the segment. 23 ETFs are tracking 14 indices related to Financials Large & Mid Cap Stocks, and they gather a total of $26,74Bn of assets under management.


© www.trackinsight.com 2019
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