| With financial stocks being beaten up around the globe, investors are fleeing financial exchange traded funds (ETFs) at the fastest rate since 2010. Global financial ETFs have suffered outflows of $3.17bn so far this quarter. That puts them on track for the worst quarterly outflow in six years since the second quarter of 2010, according to data from research group Markit.
Global financial stocks have been getting clobbered so far this year, amid fears that global growth is slowing and that negative interest rates will eat into earnings...............................................Full Article: Source
|