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This sector saw ETF inflows for the week ending June 25th stand at $26.3 million (£17.5 million), although for the year-to-date media has seen the largest net inflows, experiencing $285.8 million of new net assets.
Stock market trading also saw banks witness net outflows of $42.9 million during the week, while the figure for personal and household goods stood at $21.6 million.
"The assets invested in the ETFs are greater than the open interest in the corresponding futures contract in all 19 sectors," BlackRock stated, adding as a whole, STOXX Europe 600 sector ETFs have seen net outflows of $642.9 million year-to-date.
Meanwhile, Reuters reported yesterday (June 30th) the FTSE 100 fell 13.4 per cent during the second quarter of 2010.
Posted by Clive Arneil
