Thursday, March 3, 2011

46% of February ETF Inflows Went into Energy, with over 20% into Energy Select SPRD (XLE)

An astounding statistic on CNBC today about how heavy the flows in February are into 1 fund.  This also showcases why so many stocks, especially of the large cap kind within a sector, move together.  The hot money in the hedge fund world all piled into Energy Select SPDR (XLE) in February, with nearly 1 of every 4 dollars headed this way.
  •  Net inflows into exchange-traded funds in February were $7.51 billion .  XLE was the inflows leader with almost $1.6 billion in new investments.

Company name% Net assets
ExxonMobil Corporation17.81%
Chevron Corporation12.66%
Schlumberger, Ltd.8.22%
Occidental Petroleum Corporation4.45%
Apache Corporation3.41%
Halliburton Company3.18%
Anadarko Petroleum Corp.2.89%
Devon Energy Corporation2.87%
National Oilwell Varco, Inc.2.55%
Percentage of holdings 63.07%

You can see Exxon's chart is not very much different from the ETF - quite amazing when an ETF can affect the country's largest stock.

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