Strong Earnings, But Bank ETFs See Outflows

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First-quarter earnings reports out of the financial services sector have been strong, but investors have not been impressed. Just look at the the Financial Select Sector SPDR (NYSEArca: XLF). XLF, the largest exchange traded fund tracking the financial services sector, has been besieged by outflows in recent days. “The largest ETF tracking the banking industry, State […]

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