Additionally, the financial services sector is poised to deliver more dividend growth in 2015. “While FactSet expects all 10 S&P 500 sub-sectors to report dividend growth next year, only financials (14.8 percent) and consumer discretionary (10.3 percent) sectors are expected to report double-digit growth in dividends,” reports Constance Gustke for CNBC.
“Health care is another sector that attracted interest as the growth of Bio-techs has made the group more cyclical than in the past and one that plays well in today’s market environment. Also of note, last month consumer discretionary and financials were of interest as we recalibrate the “economic cycle clock” for a return to early cyclicals in 2015,” said Mazza.
At the sector level, only industrials and materials suffered outflows. Over the rolling six-month period, ETFs tracking those sectors have lost over $2.8 billion combined, according to State Street data.
Sector ETF Flows
Table Courtesy: State Street Global Advisors