ETF investors opt for safe havens

The largest sector ETF net inflows, according to Blackrock, were in basic resources with $74.7m, followed by food and beverage with $40.1m net inflows, while banks experienced net outflows of  $42.7m.Year to date STOXX Europe 600 sector ETFs have seen $87.5m net outflows. Insurance has the largest net outflows with $191.5m, followed by utilities with $181.4m, while banks experienced the largest net inflows of US$260.8m.   There is US$9.9bn AUM invested in the STOXX sector ETFs which is greater than the US$5.9bn open interest in the sector futures. The ETF AUM is greater than the open inte...