Money Pulls Out of Energy ETFs After Oil Sinks
Look at morningstar vs. drilling Last week’s drop in oil prices led to money shifting away from energy-related exchange traded funds (ETFs). And, of all places, investors appear to be putting it into financials. As crude oil fell below $130 a barrel on Friday, the Energy Select Sector SPDRs (XLE) tumbled to a four-month low, reports Trang Ho [...]
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