Flat Yield Curve Saps Financial ETFs

Related: Regional Bank ETF Boosted by Rising Yields

To this point in the second quarter, XLF and VFH are still flows positive with inflows of $653.4 million and $157.7 million, respectively.

Over half of VFH’s “holdings are banks, with insurance companies making up 25.6 percent of the exposure. JPMorgan Chase & Co., Bank of America Corp. and Berkshire Hathaway Inc. are the three largest holdings,” according to Bloomberg.

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