European financials ETFs shed €169.5 million in week 43

Financials ETFs shed €169.5 million in week 43, according to Trackinsight data published by ETF Express.

Financials' week-43 outflow was the largest among European sectors, after the category led sector inflows at €309.8 million in week 40. Equity ETFs took €4.52 billion over the five days and fixed income ETFs €2.94 billion, the Trackinsight data show. Commodity products gathered €305.5 million and cryptocurrency products recorded €35.3 million in net outflows. Information Technology drew the largest sector inflow at €191.4 million, ahead of Energy at €132.7 million and Health Care at €110.3 million. Health Care also led sector returns at 2.70%; Materials was weakest at -7.60%.

For advisors weighing a sector tilt against a broad allocation, the largest sector inflow, €191.4 million into Information Technology, is roughly 4% of the €4.52 billion that went into equity ETFs. Cybersecurity ETFs returned 8.61% in week 43 after losing 10.06% in the week to 16 October, as ETF Daily previously reported, leaving a position held through both weeks about 2.3% lower.

Developed markets exposures drew €1.83 billion and World €1.36 billion, while China lost €318.3 million, the largest geographic outflow. Indonesia returned 7.62% and Greater China lost 5.37%. Digital Infrastructure & Connectivity led thematic inflows at €39.6 million. Alternative Energy lost €125.9 million, the largest thematic outflow. Cloud Computing led thematic returns at 9.02%. Government Investment Grade led fixed income categories at €1.31 billion, ahead of Corporate Investment Grade at €552.4 million.