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Stoxx 600 sector ETFs see USD25.2m net inflows

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Stoxx 600 sector exchange-traded funds saw USD25.2m of net inflows during the week ending 12 March, according to a report by BlackRock.

The largest sector ETF inflows were in banks with USD65.0m and telecommunications with USD24.4.

Basic resources experienced net outflows of USD91.9m.

Year-to-date, media has had the largest net inflows with USD296.7m net new assets, followed by utilities with USD131.1m YTD.

Telecommunications sector ETFs have had the largest net outflows with USD283.4m YTD.

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