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Banks top Stoxx 600 sector ETFs

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European Stoxx 600 sector exchange-traded funds saw USD233.0m of net inflows during the week ending 30 April, according to a report from BlackRock.

The largest sector ETF inflows last week were in banks with USD218.2m and basic resources with USD85.4m.

Industrial goods and services experienced net outflows of USD36.9m.

Year-to-date, media has had the largest net inflows with USD346.1m net new assets, followed by banks with USD117.6m YTD.

Telecommunications sector ETFs have had the largest net outflows with USD229.6m YTD.

In total, Stoxx 600 sector ETFs have seen USD60.4m net inflows YTD.

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