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Financials ETF Flows Another Signal Bank Earnings Didn't Impress: (XLF)

TedTed
in The Bullpen
FYI: Bank earnings have been record-breakingly good, but not good enough to excite exchange-traded fund investors.

The largest ETF tracking the banking industry, State Street Corp.’s Financial Select Sector SPDR Fund, known by its ticker XLF, had $460 million yanked from its coffers Wednesday. It was the fund’s largest single-day loss since January, and it follows two days of outflows while the six largest U.S. banks posted strong results.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-04-19/financials-etf-flows-another-signal-bank-earnings-didn-t-impress?srnd=etfcenter

XLF Is Up 1.07% So Far Today:
http://www.sectorspdr.com/sectorspdr/tools/sector-tracker
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