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Banks top Stoxx 600 sector ETF inflows

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Stoxx 600 sector exchange-traded funds saw USD28.9m of net outflows during the week ending 26 March.

According to the report by BlackRock, the largest sector ETF inflows were in banks with USD158.9m and Telecommunications with USD11.7m.

Utilities experienced net outflows of USD43.5m.

Year-to-date, media has had the largest net inflows with USD290.8m net new assets, followed by banks with USD126.4m YTD.

Telecommunications sector ETFs have had the largest net outflows with USD283.7m YTD.

In total, Stoxx 600 sector ETFs have seen USD243.7m net inflows YTD.

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