January was a tricky month for equities due in large part to the emergence and subsequent spread of the coronavirus in the back half of the month. However, that headline risk didn't prevent investors from getting tactical with industry and sector exchange traded funds in the first month of the year.
Investors added $4 billion to industry and sector ETFs last month, CFRA Research Director of ETF & Mutual Fund Research Todd Rosenbluth said in a Tuesday note.
Here are three prominent examples of industry and sector ETFs that investors embraced in significant fashion in January.
Financial Select Sector SPDR (XLF)
There could be a variety of reasons why the Financial Select Sector SPDR (NYSE: XLF), the largest ETF dedicated to this sector, was an inflows leader in January.
XLF “gathered approximately $800 million of net …
Disclaimer: All posts made on this website are provided for information purposes only. None of the information here is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. Before making an investment decision, you should seek the advice of a qualified and registered securities professional. The author is not paid to share this information. Cannabis Investment Group is not paid to share this information and has no business relationship other than shareholder with any company whose stock is mentioned in this article.