Financial sector ETFs under pressure thanks to BofA


Financial ETFs are the worst performers today thanks to Bank of America's near 5% dive in the wake of the suspension of its capital return plan. BofA is a top-10 holding of no fewer than 28 of about 880 equity-based ETFs tracked by S&P Capital IQ.

The Financial Sector SDRP (XLF -0.8%) has 6.35% of its AUM in Bank of America, the Vanguard Financials ETF (VFH -0.4%) has a 5.1% weight, and the iShares U.S. Financials ETF (IYF -0.4%) 4.8%. The SPDR KBW Bank ETF (KBE -0.9%) has a 1.92% weighting.

Previously: Black eye: BofA suspends buyback, dividend hike

ETFs: XLF, FAS, FAZ, UYG, VFH, IYF, IAI, SEF, IYG, PFI, FXO, FNCL, KBWB, FINU, RWW, RYF, PSCF, FINZ, KBE

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Comments (1)
  • Brian Bobbitt
    , contributor
    Comments (2084) | Send Message
     
    Buying opp. Geezo, is this hard?
    Capt. Brian
    The Lost Navigator
    29 Apr 2014, 03:46 PM Reply Like
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