ETFs providing exposure to banks experienced a surge of inflows on yesterday’s market session with $+536,58M of new shares from the primary market despite losing -4,18%. Even though the correction was widespread across the world, yesterdays inflows focused on Indian Banks through ETFs tracking the Nifty Bank Index. The slide brought the segments 30-day cumulative performance down to +13,26%. Investors have been gradually increasing their exposure to the banking sector with +$1,265Bn of cumulative inflows over the same period. Year-to-date, these ETFs are still down by -28,33%. 13 funds tracking 9 indices are included in the segment for a total of $3,99Bn of assets under management.