Catching DXJ for the 2013 asset-gathering crown will be tough for XLF as the former is ahead with nearly twice the latter’s total. However, XLF is about $900 million behind EWJ in terms of year-to-date inflows, so the second spot is reachable.
The J.P. Morgan and Wells Fargo earnings reports should go a long way to determining XLF’s near-term course as those stocks combine for almost 16.9% of the ETF’s weight. Next week, five more members of XLF’s top-10 holdings report quarterly results. That quintet, which includes Bank of America (NYSE: BAC) and Goldman Sachs (NYSE: GS), combines for 20.5% of XLF’s weight.
Financial Select Sector SPDR
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of DXJ and SPY.