[Analyst Rating] 3 Sector ETFs That Added Lots Of Cash In January

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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 …

Full story available on Benzinga.com

Source Benzinga

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