At a pace unprecedented by the collapse of Lehman Brothers, investors are leaving the largest financial ETF. A stroke of fears about future economic growth and strong downturns in stock markets.
Financial Select Sector The SDPR Fund (XLF), which is $ 24 billion, has suffered a tide of $ 1.8 billion in just one week. As much as in July 2008 For the whole year, investors have withdrawn money in the amount of $ 4.6 billion. The price of the ETF has dropped 10% only in December.
Concerns that the economy will shrink from tightening monetary policy and gradually lower the quality of lending have led to financial entry into a bear market, further accelerating the exit of investors from the fund. Meanwhile, it gave the field of expression to pessimists. The Fund's short-term interest rate has risen to 3.5%, the highest rise in 15 months.
The S & P500 continues to be cheaper with Goldman Sachs Group Inc., with the bank's 9th consecutive session in red, especially after Malaysia filed the first indictment against the Wall Street giant over their relationship with the 1MDB scandal.
Source: Bloomberg Finance L.P.
Graphs: Used with permission of Bloomberg Finance L.P.
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.