Look at the Percentage of ETF Inflows That Just Went into Energy

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 (NYSE: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 (NYSE:XLE) was the inflows leader with almost $1.6 billion in new investments.

Company name % Net assets
ExxonMobil Corporation (NYSE:XOM) 17.81%
Chevron Corporation (NYSE:CVX) 12.66%
Schlumberger, Ltd. (NYSE:SLB) 8.22%
ConocoPhillips (NYSE:COP) 5.03%
Occidental Petroleum Corporation (NYSE:OXY)  4.45%
Apache Corporation (NYSE:APA) 3.41%
Halliburton Company (NYSE:HAL) 3.18%
Anadarko Petroleum Corp. (NYSE:APC) 2.89%
Devon Energy Corporation (NYSE:DVN) 2.87%
National Oilwell Varco, Inc. (NYSE:NOV) 2.55%
Percentage of holdings 63.07%

You can see Exxon’s (NYSE:XOM) 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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This is a guest post written by Trader Mark who runs the blog Fund My Mutual Fund.