Sectors In Review: March 2019
Sector ETFs were all up in the first month of 2019.
January saw every sector ETF end up in positive territory for the month, led by the iShares U.S. Oil Equipment & Services ETF (IEZ), up 19.9%; the SPDR S&P Metals & Mining ETF (XME), up 17.07%; and the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), up 15.07%. The worst performer was the Utilities Select Sector SPDR Fund (XLU), up 3.41%, while the Vanguard Utilities ETF (VPU) and the iShares U.S. Pharmaceuticals ETF (IHE) were up 3.69% and 4.38%, respectively. Despite their positive performance, the sector ETFs in our survey saw outflows totaling $6.5 billion during the month, with a trio of Select Sector SPDR ETFs leading the stampede. The Energy Select Sector SPDR Fund (XLE) lost $1.7 billion, the Industrial Select Sector SPDR Fund (XLI) lost $1.1 billion and the Consumer Discretionary Select Sector SPDR Fund (XLY) lost $813.8 million. At the other end of the spectrum, inflows were fairly weak: The Health Care Select Sector SPDR Fund (XLV) pulled in $579.5 million, while the iShares Expanded Tech- Software Sector ETF (IGV) gained $196.1 million and VPU gained $45.4 million.
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Source: Bloomberg. Data from 12/31/2018 to 1/31/2019. ETFs chosen to represent each sector based on the most liquid ETF in each segment of the ETF.com ETF Classification System.
