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XLF, BUFZ: Big ETF Outflows

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XLF and BUFZ: An ETF Exodus Brewing?

Big ETF Outflow Rattles Investors

In the volatile landscape of Exchange Traded Funds (ETFs), recent data has revealed a seismic shift in investor sentiment, with notable outflows witnessed in two prominent ETFs. The withdrawals have left investors speculating about the underlying causes of this sudden exodus.

XLF Sees a Draining Departure

As the dust settles, it is evident that The Financial Select Sector SPDR Fund (XLF) bore the brunt of this exodus, with a staggering 8,900,000 units obliterated within a week, marking a substantial 1.0% dip in units outstanding. The ramifications of this departure are resonating through the market, with key components like Berkshire Hathaway experiencing a downturn of around 0.5%, while JP Morgan Chase is treading water with a modest uptick of approximately 0.8%.

FT Vest Laddered Moderate Buffer ETF: Battered and Bruised

The FT Vest Laddered Moderate Buffer ETF (BUFZ) did not escape unscathed, either. This ETF witnessed a harrowing 1,250,000 unit loss, translating to a massive 36.2% decline in units outstanding compared to the previous week. The tremors of this event have sent shockwaves through the investor community, prompting questions about the stability and resilience of this ETF in the face of adversity.

XLF, BUFZ: Big ETF Outflows

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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