Investors Just Flooded Into Financials at the Fastest Weekly Pace Ever
Nearly $5 billion in inflows to the most popular financial ETF.
Options Insight: How to Bank on Financials
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In the week following the election, the Financial Select Sector SPDR exchange-traded fund amassed $4.9 billion of inflows — a record, and more than it accumulated in the past three years.
This ETF has stakes in major U.S. financial institutions, including banking behemoths like JPMorgan Chase & Co. and Citigroup Inc.