ETFs tracking banks have seen net inflows of $284.4m year-to-date, marking the Stoxx Europe 600 sector with the highest inflows, according to BlackRock.
The firm's Sector ETF Net Flows report, for the week ending 15 October, show ETFs providing exposure to media followed, with $141.3m year-to-date. Overall, Stoxx Europe 600 Sector ETFs had net inflows of $699.1m
In contrast, food and beverage sector ETFs saw the largest net outflows in this time period, losing $167m.
ETFs tracking the Stoxx sectors saw overall net outflows of $37.7m, with the automobiles and parts sector seeing the largest new outflows at $114.7m.
The report highlights the $10.5bn in assets invested in ETFs is greater than the $4.2bn open interest in sector futures.
The ETF AUM is also greater than the open interest in the respective futures contracts in 18 out of the 19 sectors.
EIS and Seed EIS sectors
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Avoidance, evasion and non-compliance
From 6 April 2019