Bank ETFs experienced the largest inflows compared with other funds tracking the Stoxx 600 sectors, seeing $158.9m in the week ending 26 March, according to BlackRock.
The ETF Landscape report shows the Dow Jones Stoxx 600 Optimised Banks Source ETF gained $100.4m in the week, followed by the db x-trackers DJ Stoxx 600 Banks fund, which saw $48.3m.
Telecommunications followed the bank sector ETFs, with inflows of $11.7m. In contrast, utilities experienced net outflows of $43.5m.
Overall, Stoxx 600 sector ETFs had net outflows of $28.9m in this time period.
Banks also saw high inflows year-to-date, with $126.4m, which was only beaten by media sector funds at $290.8m
Conversely, telecommunications sector ETFs had the largest net outflows of $283.7m year-to-date.
As a whole, Stoxx 600 sector ETFs saw $243.7m net inflows year-to-date.
The report adds the assets invested in ETFs exceed the open interested in the respective futures contracts, in 18 out of the 19 sectors.
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