FYI: Thirteen days. That's how long the $29.7 billion Financial Select Sector SPDR Fund (XLF) spent in the red over the past few weeks. In fact, XLF's losing streak only broke Thursday, with the barest bounce: 0.9%.
XLF's extended free fall, the longest the fund has ever had, underscores just how nervous investors are feeling about the financials sector right now, and about XLF in particular. Since June 11, investors have pulled more than $1.5 billion from the fund.
Regards,
Ted
http://www.etf.com/sections/features-and-news/etf-week-financial-select-sector-spdr-fund-xlf
