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Investors Pour Into A Regional Banking ETF Ahead Of Big Tax Vote: (KRE)

TedTed
in Fund Discussions
FYI: With Congress getting closer to passing a tax overhaul package and the Federal Reserve talking about easing regulation, a regional banking exchange-traded fund is getting a lot of love from investors.

The SPDR S&P Regional Banking ETF, ticker KRE, took in $290 million on Nov. 29, its largest daily inflow since 2008. That added to the almost $270 million the fund received the day before, as investors line up bets that regional banks will benefit from tax reform and deregulation. The ETF has gained about 7 percent this week.
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-11-30/regional-banking-etf-gobbles-assets-as-politics-grabs-attention

M* Snapshot KRE:
http://www.morningstar.com/etfs/ARCX/KRE/quote.html

Lipper Snapshot KRE:
https://www.marketwatch.com/investing/fund/kre

KRE Is Ranked #11 In The (F) ETF Category By U.S. News & World Report:
https://money.usnews.com/funds/etfs/financial/spdr-s-p-regional-banking-etf/kre

Comments

  • slick
    I follow this etf as I decided I needed to add to financials which were underrepresented in my portfolio. I decided to go with FRBAX instead but it was a close 2nd.
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