MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Stock Bulls Yank Most In 20 Years From $13 Billion Risk-Off ETF: (XLP) - (XLU)

TedTed
edited September 2019 in The Bullpen
FYI: Just before the U.S. jobs report, investors in exchange-traded funds pulled millions of dollars from defensive strategies.

The $13 billion Consumer Staples Select Sector SPDR Fund, known as XLP, lost a record $866 million to withdrawals on Thursday, the most since the fund began trading in December 1998, data compiled by Bloomberg show. Cash also flowed out of the Utilities Select Sector SPDR Fund, known as XLU, reducing its assets by 2.3% to about $11 billion.

Regards,
Ted
https://www.bloomberg.com/news/articles/2019-09-06/utilities-select-sector-spdr-fund-daily-outflows-255-4-mln?srnd=etfs
Sign In or Register to comment.