STOXX Europe 600 sector ETFs saw outflows of USD397.8m for the week ending 12 August 2011. The largest sector ETF net outflows last week were in healthcare with USD85.3m followed by chemicals with USD70.9m net outflows while telecom experienced net inflows of USD35.2m.
Year to date, STOXX Europe 600 sector ETFs have seen USD435.9m net outflows. Utilities has seen the largest net outflows with USD249.0m, followed by basic resources with USD241.2m net outflows, while banks experienced the largest net inflows with USD260.9m.
As of 12 August 2011, there is USD8.2bn AUM invested in the STOXX sector ETFs which is greater than the USD5.9bn open interest in the sector futures. The ETF AUM is greater than the open interest in the corresponding futures contract in 14 out of 19 sectors.
